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The records of Marshall Company include the following: Average total assets $3,750,000 Average total liabilities 1,470,000 Total revenue 4,830,000 Total expenses (including income tax) 4,050,000
The records of Marshall Company include the following: Average total assets $3,750,000 Average total liabilities 1,470,000 Total revenue 4,830,000 Total expenses (including income tax) 4,050,000 Interest expense (included in total expenses) 95,000 Income tax rate 30% The return on equity is closest to: The return on equity is closest to: Multiple Choice 20.8%. 53.1%. 34.2%. 14.9%
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