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Canberry Corporation Had Net Income of $80,000, Beginning Total Assets

Question 71

Multiple Choice

Canberry Corporation had net income of $80,000, beginning total assets of $640,000 and ending total assets of $580,000. Its return on total assets is:


A) 13.8%
B) 12.5%
C) 13.1%
D) 725%
E) 800%

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