A company has net income of ($ 300,000), net sales of ($ 2,500,000), and total assets of

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A company has net income of $\$ 300,000$, net sales of $\$ 2,500,000$, and total assets of $\$ 2,000,000$. Its return on total assets equals

a. $6.7 \%$.

b. $12.0 \%$.

c. $8.3 \%$.

d. $80.0 \%$.

e. $15.0 \%$.

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Financial And Managerial Accounting

ISBN: 9781260728774

9th Edition

Authors: John J. Wild

Question Posted: Jan 26, 2024 04:03 AM

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A company has net income of ($ 300,000), net sales of ($ 2,500,000), and total assets of

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Financial And Managerial Accounting

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