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Assume Anderson Cleaning Service had net income of $1,020 for the year. Anderson Cleaning Service's beginning and ending total assets were $4,970 and $4,630, respectively. Calculate Anderson Cleaning Service's return on assets for the year. (Round to the nearest hundredth percent, X.XX%.) OA. 20.5% OB. 4.71% OC. 21.25% O D. 22%

Assume Anderson Cleaning Service had net income of $1,020 for the year. Anderson Cleaning Service's beginning and ending total assets were $4,970 and $4,630, respectively. Calculate Anderson Cleaning Service's return on assets for the year. (Round to the nearest hundredth percent, X.XX%.) OA. 20.5% OB. 4.71% OC. 21.25% O D. 22%

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 5E: Multiple-Step and Single-Step In coin Statements The following items were derived from Gold...
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Quiz K Question 4 of 11 OA. 20.5% OB. 4.71% OC. 21.25% OD. 22% This question: 1 point(s) possible Submit quiz Assume Anderson Cleaning Service had net income of $1,020 for the year. Anderson Cleaning Service's beginning and ending total assets were $4,970 and $4,630, respectively. Calculate Anderson Cleaning Service's return on assets for the year. (Round to the nearest hundredth percent, X.XX%.)
Transcribed Image Text:Quiz K Question 4 of 11 OA. 20.5% OB. 4.71% OC. 21.25% OD. 22% This question: 1 point(s) possible Submit quiz Assume Anderson Cleaning Service had net income of $1,020 for the year. Anderson Cleaning Service's beginning and ending total assets were $4,970 and $4,630, respectively. Calculate Anderson Cleaning Service's return on assets for the year. (Round to the nearest hundredth percent, X.XX%.)
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