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

question 122

Multiple Choice

Assume Metro Corporation had a net income of $2,500 for the year ending December 2018. Its beginning and ending total assets were $32,500 and $19,500, respectively. Calculate Metro's return on assets (ROA) . (Round your percentage answer to two decimal places.)

• A) 7.69%
• B) 12.82%
• C) 9.62%
• D) 4.81%

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