Sales for the year = $246,687, Net Income for the year = $22,965, and average Assets during the year = $136,357. Return on Assets (ROA) for the year is:
A) 53.8%
B) 16.8%
C) 9.3%
D) There is not enough information to calculate ROA.
E) None of the above
Correct Answer:
Verified
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