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Riley Corporation has the following items in its financial statements: Sales $750,000, Net Income $25,500, Interest expense $8,500, Beginning assets of $1,250,000, Ending assets of
Riley Corporation has the following items in its financial statements: Sales $750,000, Net Income $25,500, Interest expense $8,500, Beginning assets of $1,250,000, Ending assets of $1,500,000. Assuming Riley's tax rate is 30%, its return on assets (ROA) is
Multiple choice question.
2.3%
1.8%
54.5%
2.5%
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