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For the Year ended December 2019. Alaska company , reported net income of $ 4,200 on revenues of $ 56,000 . Interest expense totaled $
For the Year ended December 2019. Alaska company , reported net income of $ 4,200 on revenues of $ 56,000 . Interest expense totaled $ 400 , while preferred stock dividends totaled $ 200 . Average total assets for 2019 were $ 17,500 , and average total liabilities for 2019 were $ 9,000 . Average preferred shareholders ' equity totaled $ 2,000 . The income tax rate is 20 % .
4 The ROCE for Alaska company is
A. 32.54 %
B. 40.00 %
C. 64.61 %
D.61.63 %
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