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Markham Corporation Had Net Income of $1,330,000,net Sales of $22,000,000

Question 101

Multiple Choice

Markham Corporation had net income of $1,330,000,net sales of $22,000,000 and average total assets of $5,783,000.Its return on total assets was:

A) 6.0%.
B) 16.5%.
C) 23.0%.
D) 26.3%.
E) 38.0%.

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