Question: Select Co. had the following 2009 financial statement relationships: Asset turnover 5 Profit margin on sales 0.02 What was Selects 2009 percentage return on assets?

Select Co. had the following 2009 financial statement relationships:

Asset turnover 5 Profit margin on sales 0.02 What was Select’s 2009 percentage return on assets?

a. 0.1%

b. 0.4%

c. 2.5%

d. 10.0%

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