Problem

Net income was S900.000. Beginning and ending assets were $8,000,000 and S9.600.000. respe...

Net income was S900.000. Beginning and ending assets were $8,000,000 and S9.600.000. respectively. What was the return on assets (ROA)?

a. 9.4%

b. 10.23%

c. 11.25%

d. 10.41%

For more practice with multiple-choice questions, go to the text website at ww.mhhe.com/libby7e.

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