Text World, Inc., reported sales revenue of $450,000, net income of $54,000, and average total assets of
Question:
Text World, Inc., reported sales revenue of $450,000, net income of $54,000, and average total assets of $360,000. Text World’s return on assets is
a. 12.0%.
b. 1.25%.
c. 15.0%.
d. 80.0%.
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ISBN: 978-0134725987
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Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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