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Bryant, Inc. provides the following data:

Stones McGee

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Bryant, Inc. provides the following data:

Bryant, Inc. provides the following data:

20172016
Cash$41,000$25,000
Accounts Receivable, Net99,00062,000
Merchandise Inventory72,00050,000
Property, Plant, and Equipment, Net182,000120,000
Total Assets$394,000$257,000

Additional information:
Net Credit Sales$560,000
Cost of Goods Sold190,000
Interest Expense21,000
Net Income185,000

Calculate the rate of return on total assets for 2017. (Round your answer to two decimal places.)
A) 46.95%
B) 63.29%
C) 71.98%
D) 52.28%

Textbook

Horngren's Accounting

Edition: 11^th

Authors: Miller-Nobles, Mattison, Matsumura

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novae

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More solutions for this book are available here

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Stones McGee Author

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Thank you, thank you, thank you!

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Brilliant ツ

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Good timing, thanks!

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