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For 2014, Hammer Company reports total assets at the beginning of the year of $900,000, total assets at the end of the year of $1,100,000, net sales of $750,000, and net income of $150,000. The rate of return on assets by Hammer in 2014 is Select one: a. 12.0%. b. 13.6%. C. 15.0%. d. 16.7%.

For 2014, Hammer Company reports total assets at the beginning of the year of $900,000, total assets at the end of the year of $1,100,000, net sales of $750,000, and net income of $150,000. The rate of return on assets by Hammer in 2014 is Select one: a. 12.0%. b. 13.6%. C. 15.0%. d. 16.7%.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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For 2014, Hammer Company reports total assets at the beginning of the year of $900,000, total assets at the end of the year of $1,100,000, net sales of $750,000, and net income of $150,000. The rate of return on assets by Hammer in 2014 is Select one: a. 12.0%. b. 13.6%. C. 15.0%. d. 16.7%.
Transcribed Image Text:For 2014, Hammer Company reports total assets at the beginning of the year of $900,000, total assets at the end of the year of $1,100,000, net sales of $750,000, and net income of $150,000. The rate of return on assets by Hammer in 2014 is Select one: a. 12.0%. b. 13.6%. C. 15.0%. d. 16.7%.
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