Assume MetAmbit Company Had a Net Income of $2,200 for the Year

question 119

Multiple Choice

Assume MetAmbit Company had a net income of $2,200 for the year ending December 2016.Its beginning and ending total assets were $34,500 and $18,500,respectively.Calculate MetAmbit's return on assets (ROA) .(Round your percentage answer to two decimal places. )

• A)6.38%
• B)11.89%
• C)8.30%
• D)4.15%

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