A Company's Return on Total Assets Equals 30

question 54

Multiple Choice

A company's return on total assets equals 30%.If net income and net sales are $900,000 and $8,900,000 respectively,what is the amount of total assets?

• A)$2,670,000
• B)$270,000
• C)$29,666,667
• D)$3,000,000
• E)$2,940,000

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