a company had net income of $2,660,000, net sales of $25,000,000, and average to

ID: 2372370 • Letter: A

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a company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals: : 3.01%. 10.64%. 32.00%. 33.25%. 300.75%. a company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals: : 3.01%. 10.64%. 32.00%. 33.25%. 300.75%. a company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals: a company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals: 3.01%. 10.64%. 32.00%. 33.25%. 300.75%. 3.01%. 10.64%. 32.00%. 33.25%. 300.75%. 3.01%. 10.64%. 32.00%. 33.25%. 300.75%.

Explanation / Answer

ROA = Annual Net IncomeAverage Total Assets

$2,660,000/$8,000,000=33.25%

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a company had net income of $2,660,000, net sales of $25,000,000, and average to

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