Question

36. River Corps total assets at the end of last year were $480,000 and its net income was $32,750. What was its return on total assets? a. 6.28% b. 5.73% c. 6.82% d. 6.48% e. 7.71%
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Answer #1

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Total asset 480000
Net income 32750
Return on total asset = Net income / Total asset
return on asset =32750/480000
return on asset 6.82%
Therefore correct answer is option c. 6.82%
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