A Company's Return on Total Assets Equals 28

question 19

Multiple Choice

A company's return on total assets equals 28%.If total assets and net sales are $4,500,000 and $10,000,000 respectively,how much is net income?

• A)$2,800,000
• B)$4,060,000
• C)$1,260,000
• D)$14,500,000
• E)$2,030,000

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