Selected current year company information follows: Net income 15,953
Net sales 712,855
Total liabilities, begirning-year 83,932
Total liabilities, end-of-year 103,20
Total stockholders' equity, begirnirg-year 198,935
Total stockholders' equity, end-of-year 121,85
The return on total assets is:
A) 2.24%
B) 2.81%
C) 3.64%
D) 4.67%
E) 6.28%
Correct Answer:
Verified
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