The records of Marshall Company include the following:

Average total assets	$5,950,000
Average total liabilities	2,074,000
Total revenue	7,786,000
Total expense (including income tax)	6,970,000
Interest expense (included in total expenses)	153,000
Income tax rate 40%

The return on assets (calculated using the modified method discussed in the text) is closest to:(Chapter 13)

Question 25 options:

	15.3%
	14.9%
	18.3%
	18.7%