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  3. xyz corp. has net income of $40,000, total liabili

XYZ Corp. has Net Income of $40,000, total liabilities of $200,000, and total equity of...

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Finance

XYZ Corp. has Net Income of $40,000, total liabilities of $200,000, and total equity of $400,000. What is the return on (total) assets?

11.59 percent

8.02 percent

7.78 percent

None of the options are correct.

9.94 percent

Answer & Explanation Solved by verified expert
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