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April 17, 2015

Homework Help: Accounting

Posted by Tee on Sunday, July 28, 2013 at 6:42pm.

Moon Shoe Factory is an investment center and is responsible for all of their net income and the use of their assets. In 2012, the invested assets totaled $475,000 and net income was $115,000. What is the rate of return on assets?

A.24.2%

B.25.0%

C.4.0%

D.413.0%

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