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ne records or Marshall company include the following: Average total assets Average total liabilities Total revenue Total expenses (including income tax) Interest expense (included in

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ne records or Marshall company include the following: Average total assets Average total liabilities Total revenue Total expenses (including income tax) Interest expense (included in total expenses) Income tax rate 35 $3,850,000 1,570,000 4,930,000 4,030,000 97,000 The return on assets (calculated using the modified method discussed in the text) is closest to: Multiple Choice 42.24% 25.01% 57.32% 23.38% Next > 23 of 29

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