Question
The Falmouth Company had a profit margin of 5 percent on sales of $5,500 during the last year.If its return on assets was 8 percent,
The Falmouth Company had a profit margin of 5 percent on sales of $5,500 during the last year.If its return on assets was 8 percent, what was the value of total assets?
A. 3,125.00
B. 4,375.00
C. 3,437.50
D. 4,687.50
E. 3,750.00
F. 4,062.50
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Essentials Of Forensic Accounting
Authors: Michael A Crain, William S Hopwood
2nd Edition
1948306441, 978-1948306447
