A company has net income of $300,000, net sales of $2,500,000, and total assets of $2,000,000. Its

Question:

A company has net income of $300,000, net sales of

$2,500,000, and total assets of $2,000,000. Its return on total assets equals:

a. 6.7%

b. 12.0%

c. 8.3%

d. 80.0%

e. 15.0%

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Financial Accounting Information For Decisions

ISBN: 9780073043753

4th Edition

Authors: John J. Wild

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Question Posted: Jul 20, 2024 04:03 AM

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A company has net income of $300,000, net sales of $2,500,000, and total assets of $2,000,000. Its

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Financial Accounting Information For Decisions

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