Current Attempt in Progress

A company determined its return on assets was $\backslash (3\mathrm{.}20\backslash \%\backslash ).$ Which statement is true?

The company generated $\backslash (\backslash$$ $3\mathrm{.}20\backslash )$ of net income for each dollar of sales earned by the company.

The company earned profit equal to $3\mathrm{.}20$ times the amount of its assets.

The company earned profit equal to $\backslash (3\mathrm{.}20\backslash \%\backslash )$ of its total revenue for the period.

The company generated $\backslash (\backslash$$ $0\mathrm{.}032\backslash )$ of net income for each dollar of assets held by the company.