Cersei's Cutlery Has Net Sales of $1,200,000, Net Income of $88,000

question 83

Multiple Choice

Cersei's Cutlery has net sales of $1,200,000, net income of $88,000, average current assets of $48,000, average fixed assets of $186,000, and average total assets of $234,000. Cersei's return on assets is: (Round your final answer to the nearest percentage.)

• A)38%.
• B)7%.
• C)47%.
• D)183%.

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Definitions:

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