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In 2020, Bargain Shop reported net income of $5.7 billion, net sales of $175 billion, and average total assets of $75 billion. What is Bargain shop's return on total assets?

Respuesta :

ayokenny2001

Answer:

7.6%

Explanation:

With regards to the above, the return on total assets is calculated as;

Return on total assets = Net income ÷ Average total assets.

Given that;

Net income = $5.7 billion

Average total assets = $75 billion.

Therefore,

Return on total assets = $5.7 billion ÷ $75 billion

Return on total assets = 7.6%

Bargain's shop return on total assets is 7.6%

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