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Krager Grocers' 2021 financial statements show average shareholders' equity of $10,500 million, net income of $2,049 million, interest expense of $930 million, and average total
Krager Grocers' 2021 financial statements show average shareholders' equity of $10,500 million, net income of $2,049 million, interest expense of $930 million, and average total assets of $54,000 million. How much is Krager Grocers' return on assets for the year? Assume that the statutory tax rate is 30%. Select one: A. 3.8% B. 5.5% C. 4.3% D. 5.0%
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