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Cloverton Corporation had net income of $35,190, net sales of $550,000, and average total assets of $690,000. Its return on total assets is: Multiple Choice
Cloverton Corporation had net income of $35,190, net sales of $550,000, and average total assets of $690,000. Its return on total assets is:
Multiple Choice
a. 79.7%
b. 2.3%
c. 6.4%
d. 5.1%
e. 19.6%
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