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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%

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