Question
Bellatrix Company had net income of $900 million and sales revenue of $5,250 million. Its assets at the end of the year totaled $2,025 million.
Bellatrix Company had net income of $900 million and sales revenue of $5,250 million. Its assets at the end of the year totaled $2,025 million. Interest expense was $120 million and its income tax rate was 30 percent. What is the company's return on assets?
| A. | 17.83% | |
| B. | 46.22% | |
| C. | 18.74% | |
| D. | 48.59% |
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
10th Edition
0324183518, 978-0324183511
