Assume MetAmbit Corporation had a net income of $2,300 for t
Assume MetAmbit Corporation had a net income of $2,300 for the year ending December 2016. Its beginning and ending total assets were $33,500 and $18,000, respectively. Calculate MetAmbit’s return on assets (ROA )
(Round your percentage answer to two decimal places.)
A) 6.87%
B) 12.78%
C) 8.93%
D) 4.47%
ANSWER
C
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