Settles Corporation Has Provided the Following Financial Data

question 85

Multiple Choice

Settles Corporation has provided the following financial data:
Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share.
-The company's return on total assets for Year 2 is closest to:

• A) 2.75%
• B) 1.64%
• C) 1.65%
• D) 2.76%

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Definitions:

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