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On December 31, Harper Inc., reported, on its year-end financial statements, the following (in millions):   Year 2 Year 1 Total assets $10,385 $10,472 Total sales $6,296 $6,295 Net income $692 $790 Calculate return on assets (ROA) for Year 2. Select one: a. 6.7% b. None of the these are correct. c. 60.6% d. 6.6% e. 60.4%

On December 31, Harper Inc., reported, on its year-end financial statements, the following (in millions):   Year 2 Year 1 Total assets $10,385 $10,472 Total sales $6,296 $6,295 Net income $692 $790 Calculate return on assets (ROA) for Year 2. Select one: a. 6.7% b. None of the these are correct. c. 60.6% d. 6.6% e. 60.4%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On December 31, Harper Inc., reported, on its year-end financial statements, the following (in millions):

  Year 2 Year 1
Total assets $10,385 $10,472
Total sales $6,296 $6,295
Net income $692 $790


Calculate return on assets (ROA) for Year 2.

Select one:
a. 6.7%
b. None of the these are correct.
c. 60.6%
d. 6.6%
e. 60.4%
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