A company had net income of $2,785,000,net sales of $250,000,000,average total assets of $6,000,000,and equity investments of $40,000.Its return on total assets equals:
A) $3,215,000
B) 41.67%
C) 21.54%
D) 69.63%
E) 46.42%
Correct Answer:
Verified
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