Abbe Company Reported the Following Financial Numbers for One of Its

question 172

Multiple Choice

Abbe Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,000; sales of $4,525,000; cost of goods sold of $2,550,000; and operating expenses of $1,372,000. Compute the division's return on assets:

• A) 30.3%.
• B) 23.6%.
• C) 13.3%.
• D) 10.4%.
• E) 14.7%.

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