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Home Q & A Board Other Fields Homework Help Business Accounting
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Stones McGee Stones McGee
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Posts: 344
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6 years ago
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

Horngren's Accounting


Edition: 11th
Authors:
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novaenovae
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6 years ago
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Stones McGee Author
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6 years ago
Brilliant ツ
ediblefruitz
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Yesterday
You make an excellent tutor!
linlinlin
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2 hours ago
Thanks for your help!!
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