A company had net income of net sales of

Question

A company had net income of $2,785,000, net sales of $250,000,000, average total assets of $6,000,000, and equity investments of $40,000. Its return on total assets equals:
A. $3,215,000
B. 41.67%
C. 21.54%
D. 69.63%
E. 46.42%

Answer

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