Heckart Corporation had sales of $250,000,net income of $25,000,average total assets of $350,000,dividend payments of $17,500,net cash flows from operating activities of $26,000,purchases of plant assets of $37,500,and sales of plant assets of $45,000.Cash return on assets equals (Round amounts to one decimal place)
A) 13.0 percent
B) 10.4 percent
C) 8.7 percent
D) 7.4 percent
Correct Answer:
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