Question
Consider the following information for Haley and Morris, Inc. Dec. 31, 2017 Total Assets 40,000,000 non-int bearing current liablities 800,000 net income 2,600,000 Int Expense
Consider the following information for Haley and Morris, Inc.
Dec. 31, 2017
Total Assets 40,000,000
non-int bearing current liablities 800,000
net income 2,600,000
Int Expense 300,000
tax rate 30%
Dec. 31, 2018
Dec. 31, 2017
Total Assets 50,000,000
non-int bearing current liablities 1,400,000
net income 3,400,000
Int Expense 400,000
tax rate 30%
Dec. 31, 2017
Total Assets 40,000,000
non-int bearing current liablities 800,000
Int Expense 300,000
tax rate 30%
Dec. 31, 2017
Total Assets 40,000,000
non-int bearing current liablities 800,000
Int Expense 300,000
tax rate 30%
How much is the return on investment for 2018?
|
| A 7.24% |
|
| B 6.42% |
|
| C 7.57% |
|
| D 7.82% |
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