Import, Inc. Import, Inc. Has Earnings Available for Common Shareholders of $700

question 75

Multiple Choice

Import, Inc.
Import, Inc. has earnings available for common shareholders of $700 produced by sales of $10,000. It also has total assets of $20,000 and an assets to equity ratio of 2.5.
-What is Import Inc.'s return on assets?

• A) 14%
• B) 7%
• C) 3.5%
• D) none of the above

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