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Clairmont Industries Reported Net Income of $283,000 and Average Total

Question 101

Multiple Choice

Clairmont Industries reported Net income of $283,000 and average Total assets of $637,000. The Return on total assets is:

A) 44.4%.
B) 88.8%.
C) 61.5%.
D) 125.1%.
E) 55.6%.

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