Answer the following scenarios regarding the Blueberry company A. Blueberry company had net...
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Accounting
Answer the following scenarios regarding the Blueberry company
A. Blueberry company had net income of $2,670,000, net sales of $25,300,000, and average total assets of $8,600,000. Its return on total assets equals:
3.22%.
10.55%.
31.05%.
33.99%.
322.10%.
B, Blueberry company had net income of $50,000, net sales of $470,000, and average total assets of $400,000. Its profit margin and total asset turnover were respectively:
1.92%; 1.18.
1.18%; 10.64.
10.64%; 0.13.
10.64%; 1.18.
1.18%; 0.13.
C. Blueberry company has net income of $225,000, net sales of $4,400,000, and average total assets of $2,362,500. Its return on total assets equals:
17.7%.
53.7%.
1,050.0%.
5.1%.
9.5%.
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