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Shown below are selected data from the financial statements of Noble Computers.(Dollar amounts are in millions,except for the per share data. )
Noble reported earnings per share for the year of $6 and paid cash dividends of $2.00 per share.At year-end,the Wall Street Journal listed Noble's capital stock as trading at $81 per share.
-Noble's return on assets was:
A)2.6%
B)21%.
C)26%.
D)37%.

Question

[The following information applies to the questions displayed below.]
Shown below are selected data from the financial statements of Noble Computers.(Dollar amounts are in millions,except for the per share data. )
  Noble reported earnings per share for the year of $6 and paid cash dividends of $2.00 per share.At year-end,the Wall Street Journal listed Noble's capital stock as trading at $81 per share.
-Noble's return on assets was:
A)2.6% 
B)21%. 
C)26%. 
D)37%.

Quizplus · Accepted Answer

The Answer of [The following information applies to the questions displayed below.]
Shown below are selected data from the financial statements of Noble Computers.(Dollar amounts are in millions,except for the per share data. )
  Noble reported earnings per share for the year of $6 and paid cash dividends of $2.00 per share.At year-end,the Wall Street Journal listed Noble's capital stock as trading at $81 per share.
-Noble's return on assets was:
A)2.6% 
B)21%. 
C)26%. 
D)37%.

[The Following Information Applies to the Questions Displayed Below