What Are the Total Assets Reported by Sparrow Enterprises If

question 200

Multiple Choice

What are the total assets reported by Sparrow Enterprises if operating income is $650,000,its return on investment (ROI) is 40%,and its target rate of return is 10%?

• A)$260,000
• B)$1,625,000
• C)$6,500,000
• D)$650,000

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