Question
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 the 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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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
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