Question: Please provide the accurate answer to this general accounting problem using appropriate methods. The following data pertain to Lumina Corp. for the year ended December

Please provide the accurate answer to this general accounting problem using appropriate methods.

The following data pertain to Lumina Corp. for the year ended December 31, 2023: Item Amount Net sales $750.000 Net income $200.000 Total assets, January 1, 2023 $2.500,000 Total assets, December 31, 2023 $3.500.000 What was Lumina Corp.'s rate of return on assets (ROA) for 2023? a. 5.71% b. 6.67% c. 20% d. 26.67%

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