A company reports net income of $250,000. The return on assets for the year is 20%. What is the company's average total assets for the year?
A) $1,250,000
B) $1,000,000
C) $1,500,000
D) $250,000
Answer: A
Accounting MCQ
Accounting
A company reports net income of $250,000. The return on assets for the year is 20%. What is the company's average total assets for the year?
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