Use the following information for questions
For 2007, Colaw Company reports beginning of the year total assets of $900,000, end of the year total assets of $1,100,000, net sales of $1,250,000, and net income of $250,000.
-The rate of return on assets for Colaw in 2007 is
A) 20.0%.
B) 22.7%.
C) 25.0%.
D) 27.8%.
Correct Answer:
Verified
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