Zulu Corporation Had Total Assets of $475 Million

question 49

Multiple Choice

Zulu Corporation had total assets of $475 million.It had sales of $300; cost of goods sold of $225 million, and operating expenses of $35 million.Tax rate is 40%.Calculate the company's Return of Assets.

• A)4.04%
• B)5.05%
• C)6.06%
• D)7.07%

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