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  3. in 2017, crane company reported net income of $5.6

In 2017, Crane Company reported net income of $5.6 billion, net sales of $220 billion,...

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Question

Accounting

In 2017, Crane Company reported net income of $5.6 billion, net sales of $220 billion, and average total assets of $80 billion. What is Crane Company's return on total assets?

14.3%

7.0%

32.5%

27.5%

Answer & Explanation Solved by verified expert
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