Quick Computer Service Had Revenues of $80,000 and Expenses of $50,000

question 97

Multiple Choice

Quick Computer Service had revenues of $80,000 and expenses of $50,000 for the year. Its assets at the beginning of the year were $400,000. At the end of the year assets were worth $450,000. Calculate its return on assets.

• A) 7.1%
• B) 7.5%
• C) 6.7%
• D) 20.0%
• E) 18.8%

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