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The DEF Company's comparative balance sheets shows beginning Total Assets balance of $180,000 and Total ending balance of $220.000. Total Liabilities of $80,000 and Stockholders
The DEF Company's comparative balance sheets shows beginning Total Assets balance of $180,000 and Total ending balance of $220.000. Total Liabilities of $80,000 and Stockholders Equity of $140,000 at the end of the year. The Income Statement shows: Net Sales of $200,000 and Net Income of $20,000. Assume that all sales were on credit What is the return on total assets for DEF Company? O 0.10% O 10.0% 9.1% O 1.0
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