A Company Had Net Income of $2,785,000,net Sales of $250,000,000,average

question 175

Multiple Choice

A company had net income of $2,785,000,net sales of $250,000,000,average total assets of $6,000,000,and equity investments of $40,000.Its return on total assets equals:

• A)$3,215,000
• B)41.67%
• C)21.54%
• D)69.63%
• E)46.42%

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