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During 2014, TeraVine had an asset turnover ratio of 3.5 times with sales totaling $980,000. Net income was $25,200. How much is TeraVines return on
During 2014, TeraVine had an asset turnover ratio of 3.5 times with sales totaling $980,000. Net income was $25,200. How much is TeraVines return on assets in 2014?
a. 2.6%
b. 9.0%
c. 28.6%
d. 3.6%
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Stuart Manson
5th Edition
1408030497, 9781408030493
