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Assume MetAmbit Company Had a Net Income of $2,200 for the Year

Question 119

Multiple Choice

Assume MetAmbit Company had a net income of $2,200 for the year ending December 2016.Its beginning and ending total assets were $34,500 and $18,500,respectively.Calculate MetAmbit's return on assets (ROA) .(Round your percentage answer to two decimal places. )


A) 6.38%
B) 11.89%
C) 8.30%
D) 4.15%

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