Answered step by step
Verified Expert Solution
Question
1 Approved Answer
From the following information for BlueInks Corporation, compute the rate on return of assets. Net income after tax $30,548 Taxes $6,785 Interest expense $3,545 Total
From the following information for BlueInks Corporation, compute the rate on return of assets.
Net income after tax | $30,548 |
Taxes | $6,785 |
Interest expense | $3,545 |
Total assets at beginning of year | $150,500 |
Total assets at end of year | $175,684 |
a.25.06%
b.18.73%
c.22.89%
d.20.90%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started