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Dawson Electronic Services had revenues of $88,000 and expenses of $54,000 for the year. Its assets at the beginning of the year were $404,000. At
Dawson Electronic Services had revenues of $88,000 and expenses of $54,000 for the year. Its assets at the beginning of the year were $404,000. At the end of the year assets were worth $454,000. Calculate its return on assets.
Multiple Choice
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7.9%.
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7.5%.
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8.4%.
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20.5%.
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21.8%.
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