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Which of the following is the formula to compute the rate of return on total assets? A. (Net income - preferred dividends) / Number of

Which of the following is the formula to compute the rate of return on total assets?

A. (Net income - preferred dividends) / Number of shares of common stock outstanding

B. Net income / Net sales

C. (Net income + income expense) / Total Assets

D. (Net income - preferred dividends) / Average common stockholders' equity

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