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Gullible Corporation ended the year 2020 with the following financial information: Net Income of $53,475...

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Accounting

Gullible Corporation ended the year 2020 with the following financial information: Net Income of $53,475 and Total Assets of $722,340. Total assets for 2019 amounted to $785,670. Compute for Gullible's Return on Assets for 2020.
Select one:
a.10%
b.7%
c.5%
d.12%
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