1. Prowler reports net income of $250,000. The return on assets for the year is 20%. What is Prowler’s average total assets for the year? a. $1,250,000 b. $1,000,000 c. $1,500,000 d. $250,000

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1. Prowler reports net income of $250,000. The return on assets for the year is 20%. What is Prowler’s average total assets for the year?

a. $1,250,000

b. $1,000,000

c. $1,500,000

d. $250,000

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