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The Power Co. financial statements for the year ended December 31, 2013, show: Net operating income $ 900,000 Net income 400,000 Net sales 3,000,000 Total
The Power Co. financial statements for the year ended December 31, 2013, show:
Net operating income | $ 900,000 |
Net income | 400,000 |
Net sales | 3,000,000 |
Total assets | 9,000,000 |
Operating assets | 7,200,000 |
The rate of return on operating assets is:
Group of answer choices
5.56%.
4.44%.
10%.
12.5%.
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