Question: Mattress King determined its return on assets was 1 . 5 % . Which statement is true? a . Mattress King earned profit equal to

Mattress King determined its return on assets was 1.5%. Which statement is true?
a. Mattress King earned profit equal to 1.5% of its total revenue for the period.
b. Mattress King earned profit equal to 1.5 times the amount of its assets.
c. Mattress King generated $1.50 of net income for each dollar of sales earned by the company.
d. Mattress King generated $.015 of net income for each dollar of assets held by the company.

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