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Bradstreet is a division of Kindling Products, Inc. For the most recent year, Bradstreet had net income of $16,000,000. Included in income was interest expense
Bradstreet is a division of Kindling Products, Inc. For the most recent year, Bradstreet had net income of $16,000,000. Included in income was interest expense of $1,200,000. The operations tax rate is 40 percent. Total assets of Bradstreet are $225,000,000, current liabilities are $40,000,000, and $35,000,000 of the current liabilities are noninterest-bearing. How much is return on investment for Bradstreet? 8. 0% 8. 8% 9. 1% 7. 4%
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