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Net income and interest expense for 2007 were $1,103 and $64, respectively. The income tax rate for 2007 was 30 percent. Average total assets for
Net income and interest expense for 2007 were $1,103 and $64, respectively. The income tax rate for 2007 was 30 percent. Average total assets for 2007 was $17,004. So, Return on assets = __________ ?
A. 6.49%
B. 6.60%
C. 6.75%
D. 6.86%
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