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  3. speedy has net income of $33,955, and assets at th

Speedy has net income of $33,955, and assets at the beginning of the year of...

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Accounting

Speedy has net income of $33,955, and assets at the beginning of the year of $215,000. Assets at the end of the year total $261,000. Compute its return on assets.

Multiple Choice

  • 14.3%.

  • 10.3%.

  • 17.6%.

  • 15.8%.

  • 13.0%.

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