Multiple Choice
Moon Shoe Factory is an investment center and is responsible for all of their net income and the use of their assets. In 2012, the invested assets totaled $475,000 and net income was $125,000. What is the rate of return on assets?
A) 26.3%
B) 25.0%
C) 4.0%
D) 380.0%
Correct Answer:
Verified
Correct Answer:
Verified
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