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Kroger's 2012 financial statements show average shareholders' equity of $4,632 million, net income of $602 million, interest expense of $435 million, and average total assets
Kroger's 2012 financial statements show average shareholders' equity of $4,632 million, net income of $602 million, interest expense of $435 million, and average total assets of $23,491 million. How much is Kroger's return on assets for the year? Assume that the statutory rate is 35%.
| A. | 10.7% | |
| B. | 0.6% | |
| C. | 3.8% | |
| D. | 9.4% | |
| E. | There is not enough information to calculate the ratio |
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