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A company reports the following financial data: • ⚫ Profit $150,000 ⚫ Average Assets = $1,200,000 ⚫ Net Sales = $1,800,000 The return on assets ratio is: a) 15 times b) 12.5% c) 8.33% d) 15%

A company reports the following financial data: • ⚫ Profit $150,000 ⚫ Average Assets = $1,200,000 ⚫ Net Sales = $1,800,000 The return on assets ratio is: a) 15 times b) 12.5% c) 8.33% d) 15%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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A company reports the following financial data: • ⚫ Profit $150,000 ⚫ Average Assets = $1,200,000 ⚫ Net Sales = $1,800,000 The return on assets ratio is: a) 15 times b) 12.5% c) 8.33% d) 15%
Transcribed Image Text:A company reports the following financial data: • ⚫ Profit $150,000 ⚫ Average Assets = $1,200,000 ⚫ Net Sales = $1,800,000 The return on assets ratio is: a) 15 times b) 12.5% c) 8.33% d) 15%
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