Question: Multiple Choice Question If the company has a return on assets ratio of 25% and net income is $750,000, what is the total asset balance?

Multiple Choice Question

If the company has a return on assets ratio of 25% and net income is $750,000, what is the total asset balance?

Multiple choice question.

$937,500

$187,500

$30,000,000

$3,000,000

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