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Step Up Ladders Company provides the following financial information: Income from operations $250,000 Interest expense 45,000 Gains/(losses) on sale of equipment 3,000 Net income
Step Up Ladders Company provides the following financial information: Income from operations $250,000 Interest expense 45,000 Gains/(losses) on sale of equipment 3,000 Net income 202,000 Total assets at Jan. 1 2,600,000 3,400,000 Total assets at Dec .31 Calculate return on investment based on the information given above. (Round your answer to two decimal places.) A. 6.73% OB. 8.33% OC. 7.35% O D. 9.62%
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