Chou Cohas a Net Income of $43,000,assets at the Beginning of of the Year

question 120

Multiple Choice

Chou Co.has a net income of $43,000,assets at the beginning of the year are $250,000 and assets at the end of the year are $300,000.Compute its return on assets.

• A)8.4%
• B)17.2%
• C)14.3%
• D)15.6%
• E)1.5%

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