River Corp's total assets at the end of last year were $415,000 and its net income was $32,750.What was its return on total assets?
A)7.89%
B)8.29%
C)8.70%
D)9.14%
E)9.59%

Name: River Corp's total assets at the end of last year were $415,000 and its net income was $32,750.What was its return on total assets? A)7.89% B)8.29% C)8.70% D)9.14% E)9.59%
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Question

Quizplus · Accepted Answer

Return on total assets = Net income / Total assets * 100= 32,750 / 415,000 * 100= 7.89%

River Corp's Total Assets at the End of Last Year