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Assume MetAmbit Corporation had a net income of $2,500 for the year ending December 2016 Its beginning and ending total assets were $35,500 and $20,500,
Assume MetAmbit Corporation had a net income of $2,500 for the year ending December 2016 Its beginning and ending total assets were $35,500 and $20,500, respectively. Calculate MetAmbit?s return on assets (ROA). (Round your percentage answer to two decimal places) A. 12.20% B. 8.93% C. 704% D. 4.46%
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