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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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