Company return on total assets for the year, Accounting Basics

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Company return on total assets for the year

Braverman Company's net income last year was $75,000 and its interest expense was $10,000. Total assets at the beginning of the year were $650,000 and total assets at the end of the year were $610,000. The company's income tax rate was 30%. The company's return on total assets for the year was closest to:

a. 13.5%.

b. 12.4%.

c. 13.0%.

d. 11.9%.

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Accounting Basics: Company return on total assets for the year

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Accounting Basics: Company return on total assets for the year

Reference No:- TGS096391

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Company return on total assets for the year

Reference No:- TGS096391

Recent Questions Asked Accounting Basics

Q : Company average collection period

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