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Mulberry Company paid dividends of $400 and retained 33.33% of their earnings. The sales for the year were $12,000 and total assets were $10,000. What
Mulberry Company paid dividends of $400 and retained 33.33% of their earnings. The sales for the year were $12,000 and total assets were $10,000. What was the return on assets (ROA)?
Question 11 options:
| 5% |
| 6% |
| 10% |
| 12% |
| None of the above. |
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