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Using the following data for Northern Industries, compute the return on assets ( rounded ) Net income: $ 8 4 5 , 0 0 0

Using the following data for Northern Industries, compute the return on assets (rounded)
Net income: $845,000
Total assets (current year): 3,650,000
Total assets (prior year): 2,875,000
Net sales 9,312,000
a.
2.9%.
b.
2.6%.
c.
3.2%.
d.
11.0%.

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