Doherty Corporation Had Net Income of $30,000, Net Sales of $1,000,000

question 139

Multiple Choice

Doherty Corporation had net income of $30,000, net sales of $1,000,000, and average total assets of $500,000. Its return on total assets is:

• A) 3%
• B) 200%
• C) 6%
• D) 17%
• E) 1.5%