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Baileestewart17
True

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yersanabria

Answer:

The answer to the affirmation is:

  • True.

Explanation:

To identify the percentage return on assets, you must compare as a percentage the total average of the assets (which corresponds to 100% with Arrow's net income during that period of time (which is possibly one year), by of a simple rule of three, where:

  • $ 1.7 billion = 100%
  • $ 120 million = X

We proceed to calculate the value of X:

  • X = (120 * 100) / 1700
  • X = 12000/1700
  • X = 7.06%

So the statement is true.

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