Canberry Corporation Had Net Income of $80,000,beginning Total Assets of $640,000

question 179

Multiple Choice

Canberry Corporation had net income of $80,000,beginning total assets of $640,000 and ending total assets of $580,000.Its return on total assets is:

• A)13.1%
• B)12.5%
• C)13.8%
• D)800%
• E)725%

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