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Given below are comparative balance sheets and an income statement for Claret Corporation.
All sales were made on account.Cash dividends declared during the year totaled $11,492.
-Claret Corporation's return on assets for 2018 rounded to the nearest tenth of a percent is:
A)10.0%.
B)4.1%.
C)5.9%.
D)16.9%.

Question

[The following information applies to the questions displayed below.]
Given below are comparative balance sheets and an income statement for Claret Corporation.
    All sales were made on account.Cash dividends declared during the year totaled $11,492.
-Claret Corporation's return on assets for 2018 rounded to the nearest tenth of a percent is:
A)10.0%. 
B)4.1%. 
C)5.9%. 
D)16.9%.

Quizplus · Accepted Answer

Claret Corporation's return on assets for 2018 rounded to the nearest tenth of a percent is 10.0%.

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