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1:35 Not Secure-alphacollege.ddns.net Net income $ 1,750,000 Add back interest expense: $640,000 x (1 -0.30) 448,000 Total (a) $ 2,198,000 Assets, beginning of year $28,970,000
1:35 Not Secure-alphacollege.ddns.net Net income $ 1,750,000 Add back interest expense: $640,000 x (1 -0.30) 448,000 Total (a) $ 2,198,000 Assets, beginning of year $28,970,000 Assets, end of year 31,500,000 Total $60,470,000 Average total assets: $60,470,000 + 2 (b) $30,235,000 O a. 7.7% O b. 6.8% O c. 7.3% d. 6.9% O e. 6.4% O f. 7.2% g. 8.1% h. 6.7%
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