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The records of Marshall Company include the following: Average total assets $3,850,000 Average total liabilities 1,570,000 Total revenue 4,930,000 Total expense (including income tax) 4,030,000
The records of Marshall Company include the following: Average total assets $3,850,000 Average total liabilities 1,570,000 Total revenue 4,930,000 Total expense (including income tax) 4,030,000 Interest expense (included in total expenses) 97,000 Income tax rate 35% The return on assets is closest to:
57.32%.
42.24%.
23.38%.
25.01%.
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