Sales for the year = $246,687, Net Income for the year = $22,965, and average Assets during the year = $136,357. Return on Assets (ROA) for the year is:
A. 53.8%
B. 16.8%
C. 9.3%
D. There is not enough information to calculate ROA.
E. None of the above
Ans: B. 16.8%
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