A company that reports segment information had average total assets of $1,522,450 and total net income of $590,700.Segment A had average total assets of $927,800 and segment operating income of $298,300.Segment B had average assets of $594,650 and segment operating income of $292,400.The segment return on assets for Segment A is:
A) 60.9%.
B) 32.2%.
C) 50.5%.
D) 38.8%.
E) 49.2%.
Correct Answer:
Verified
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