Question: Using the following data for Coronado Industries, compute the return on assets (rounded). Net Income $155000 Total Assets 12/31/17 2480000 Total Assets 12/31/16 1980000 Net

Using the following data for Coronado Industries, compute the return on assets (rounded).

Net Income

$155000

Total Assets 12/31/17

2480000

Total Assets 12/31/16

1980000

Net Sales

240000

A) 7.0%

B)

6.3%

C)

10.7%

D)

9.7%

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