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Assume Metro Corporation had a net income of $2,300 for the year ending December 31 . Its beginning and ending total assets were $35,500 and
Assume Metro Corporation had a net income of $2,300 for the year ending December 31 . Its beginning and ending total assets were $35,500 and $18,000, respectively. Calculate Metro's return on assets (ROA). (Round your percentage answer to two decimal places.) A. 12.78% B. 4.30% C. 8.60% D. 6.48%
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