A company that reports segment information had average total assets of $1,522,450 and total net...
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A company that reports segment information had average total assets of $1,522,450 and total net income of $590,700. Segment A had average total assets of $927,800 and segment operating income of $298,300. Segment B had average assets of $594,650 and segment operating income of
$292,400. The segment return on assets for Segment A is:
A) 60.9%. B) 38.8%. C) 32.2%. D) 49.2%. E) 50.5%.
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