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Speedy Has Net Income of $18,955,and Assets at the Beginning

Question 102

Multiple Choice

Speedy has net income of $18,955,and assets at the beginning of the year of $200,000.Assets at the end of the year total $246,000.Compute its return on assets.


A) 7.7%.
B) 8.5%.
C) 9.5%.
D) 11.8%.
E) 13.0%.

Correct Answer:

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