Multiple Choice
FastLane 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:
Verified
Correct Answer:
Verified
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