Assume MetAmbit Corporation Had a Net Income of $2,500 for the Year

question 22

Multiple Choice

Assume MetAmbit Corporation had a net income of $2,500 for the year ending December,2014.Its beginning and ending total assets were $35,500 and $20,500,respectively.Calculate MetAmbit's return on assets (ROA) .(Round your percentage answer to two decimal places.)

• A)12.57%
• B)5.85%
• C)8.93%
• D)9.50%

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