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Use This Balance Sheet and Income Statement for the First

Question 39

Multiple Choice

Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios. Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios. -The return on assets for Cane Construction is A) 80 percent. B) 70 percent. C) 36 percent. D) 133 percent.
Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios. -The return on assets for Cane Construction is A) 80 percent. B) 70 percent. C) 36 percent. D) 133 percent.

-The return on assets for Cane Construction is


A) 80 percent.
B) 70 percent.
C) 36 percent.
D) 133 percent.

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