The After Life has sales of $428,300,total assets of $389,100,and a profit margin of 7.2 percent.What is the return on assets?
A)6.30 percent
B)6.54 percent
C)6.83 percent
D)7.01 percent
E)7.93 percent

Name: The After Life has sales of $428,300,total assets of $389,100,and a profit margin of 7.2 percent.What is the return on assets? A)6.30 percent B)6.54 percent C)6.83 percent D)7.01 percent E)7.93 percent
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Quizplus · Accepted Answer

Return on assets = (0.072 × $428,300)/$389,100 = 7.93 percent

The After Life Has Sales of $428,300,total Assets of $389,100,and