Calculate the return on assets for a gun shop that has total assets of $410,000, current assets of $74,000, total liabilities of $280,000, accounts receivable of $12,000, net sales of $64,000, and operating profit margin of $30,000.
A. 18.3 percent
B. 25.0 percent
C. 7.3 percent
D. 8.2 percent
E. 26.5 percent
Answer: C
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