Question
The current pretax income for Coretex is $67,000 (tax rate is 24%),with an average asset base of $230,000, andan expected return of15 percent or higher.
The current pretax income for Coretex is $67,000 (tax rate is 24%),with an average asset base of $230,000, andan expected return of15 percent or higher. The ROI for Coretex would amount to
A. 70.9%
B. 15%
C. 29.1%
D. 22.1%
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International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th edition
1259747980, 9781259747984, 1260466531, 978-1260466539
