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In 2023, Sunflower Industries reported net income of $4.2 billion, net sales of $180 billion, and average total assets of $45 billion. Calculate Sunflower's return on total assets. a. 7.2% b. 9.3% c. 12.5% d. 25.0%

In 2023, Sunflower Industries reported net income of $4.2 billion, net sales of $180 billion, and average total assets of $45 billion. Calculate Sunflower's return on total assets. a. 7.2% b. 9.3% c. 12.5% d. 25.0%

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
Problem 19SP
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In 2023, Sunflower Industries reported net income of $4.2 billion, net sales of $180 billion, and average total assets of $45 billion. Calculate Sunflower's return on total assets. a. 7.2% b. 9.3% c. 12.5% d. 25.0%
Transcribed Image Text:In 2023, Sunflower Industries reported net income of $4.2 billion, net sales of $180 billion, and average total assets of $45 billion. Calculate Sunflower's return on total assets. a. 7.2% b. 9.3% c. 12.5% d. 25.0%
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