The income statement for Otto Construction Company appears below: Average total assets total $240,000.Otto's income tax rate is 25%. What is the return on assets?
A)15.6%
B)15.8%
C)16.8%
D)17.6%

Question

The income statement for Otto Construction Company appears below:  Average total assets total $240,000.Otto's income tax rate is 25%. What is the return on assets?
A)15.6% 
B)15.8% 
C)16.8% 
D)17.6%

Quizplus · Accepted Answer

The Answer of The income statement for Otto Construction Company appears below:  Average total assets total $240,000.Otto's income tax rate is 25%. What is the return on assets?
A)15.6% 
B)15.8% 
C)16.8% 
D)17.6%

The Income Statement for Otto Construction Company Appears Below