Question
The records of Marshall Company include the following: Average total assets $ 3,500,000 Average total liabilities 1,220,000 Total revenue 4,580,000 Total expense (including income tax)
The records of Marshall Company include the following:
Average total assets $ 3,500,000 Average total liabilities 1,220,000 Total revenue 4,580,000 Total expense (including income tax) 4,100,000 Interest expense (included in total expenses) 90,000 Income tax rate 40%
The return on assets is closest to:
A. 39.34%.
B. 15.26%.
C. 13.71%.
D. 23.42%.
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Enterprise Compliance Risk Management An Essential Toolkit For Banks And Financial Services
Authors: Saloni Ramakrishna
1st Edition
1118550285, 978-1118550281
