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Step Up Ladders Company provides the following financial information: Income from operations $250,000 Interest expense 48,000 Gains/(losses) on sale of equipment 2,700 Net income
Step Up Ladders Company provides the following financial information: Income from operations $250,000 Interest expense 48,000 Gains/(losses) on sale of equipment 2,700 Net income 199,300 Total assets at Jan. 1 2,600,000 Total assets at Dec .31 3,500,000 Calculate return on investment based on the information given above. (Round your answer to two decimal places.) A. 6.53% OB. 7.14% C. 8.2% D. 9.62%
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