Question: Question 7 (3 points) Fall Co. Has the following data from their 12/31/20 and 12/31/21 financial statements: 2020: Sales $100,000; Net Income $4,000 and

Question 7 (3 points) Fall Co. Has the following data from their

Question 7 (3 points) Fall Co. Has the following data from their 12/31/20 and 12/31/21 financial statements: 2020: Sales $100,000; Net Income $4,000 and total assets $60,000 2021: Sales $120,000; Net Income $7,000 and total assets $66,000 Calculate the return on assets for 2021. 10.1% 6.7% A- 7.0% F2 11.1% A+ # 3 0+ F5 F3 F4 --- % 95 14 F6 F7 F8 6 27 & F9 F10 * 8 9

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