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BD Company's net income last year was $65,000 and its interest expense was $20,000. Total assets at the beginning of the year were $640,000 and
BD Company's net income last year was $65,000 and its interest expense was $20,000. Total assets at the beginning of the year were $640,000 and total assets at the end of the year were $690,000. The company's income tax rate was 30%. The company's return on total assets for the year was closest to:
A. 9.8%
B. 10.7%
C. 12.8%
D. 11.9%
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