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Dawson Electronic Services Had Revenues of $80,000 and Expenses of $50,000

Question 67

Multiple Choice

Dawson Electronic Services had revenues of $80,000 and expenses of $50,000 for the year. Its assets at the beginning of the year were $400,000. At the end of the year assets were worth $450,000. Calculate its return on assets.


A) 20.0%.
B) 6.7%.
C) 7.1%.
D) 18.8%.
E) 7.5%.

Correct Answer:

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