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Click to watch the Tell Me More Learning Objective 5 video and then answer the questions below. 1. Starlight Company had the following data taken
Click to watch the Tell Me More Learning Objective 5 video and then answer the questions below. 1. Starlight Company had the following data taken from its most recent financial statements: Sales $3,200,000 Interest expense 56,000 Net income 500,000 2,000,000 Total average assets Total average liabilities Total average stockholders' equity 1,200,000 800,000 Based on these data, calculate Starlight Company's return on total assets. a. 8% b. 12.5% c. 27.8% d. 20.5 a X
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