How much is G. C. Murphey’s return on assets for the year?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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G. C. Murphey’s 2016 financial statements show average shareholders’ equity of $20,412 million, net income of $5,040 million, and average total assets of $86,700 million.

How much is G. C. Murphey’s return on assets for the year?
 

Question 21 options:

 

A) 

4.77%
 

B) 

5.81%
 

C) 

11.42%
 

D) 

24.69%
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