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Assume Bright Cleaning Service had a net income of $300 for the year. The company's beginning total assets were $4,500, and ending total assets were $4,100. Calculate Bright Cleaning Service's Return on Assets (ROA). A. 6.50% B. 7.25% C. 6.98% D. 5.80%

Assume Bright Cleaning Service had a net income of $300 for the year. The company's beginning total assets were $4,500, and ending total assets were $4,100. Calculate Bright Cleaning Service's Return on Assets (ROA). A. 6.50% B. 7.25% C. 6.98% D. 5.80%

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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Assume Bright Cleaning Service had a net income of $300 for the year. The company's beginning total assets were $4,500, and ending total assets were $4,100. Calculate Bright Cleaning Service's Return on Assets (ROA). A. 6.50% B. 7.25% C. 6.98% D. 5.80%
Transcribed Image Text:Assume Bright Cleaning Service had a net income of $300 for the year. The company's beginning total assets were $4,500, and ending total assets were $4,100. Calculate Bright Cleaning Service's Return on Assets (ROA). A. 6.50% B. 7.25% C. 6.98% D. 5.80%
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