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QUESTION 10 In its financial statements reported in thousands) net income of 5200 and an effective tax rate of 25% Total assets at the beginning
QUESTION 10 In its financial statements reported in thousands) net income of 5200 and an effective tax rate of 25% Total assets at the beginning of the year was $3.423 and at the end of the year 53.685. The LIFO reserve at the beginning of the year was 5232 and at the end of the year $338. Calculate the return on assets after including the adjustment for LIFO. Present your answer in percentage terms, rounded to two decimal places, . 20.00%
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