A business reports the following in its financial statements:
$$\begin{array} { l r }
\text { Net profit before tax } & \$ 150 \
\text { Interest expense } & 20 \
\text { Income tax expense } & 30 \
\text { Total assets at the beginning of the year } & 700 \
\text { Total assets at the end of the year } & 850
\end{array}$$ Its rate of return on total assets is:
A) 19.4%
B) 21.9%
C) 16.8%
D) 4.83%

Question

A business reports the following in its financial statements:
$$\begin{array} { l r } 
\text { Net profit before tax } & \$ 150 \
\text { Interest expense } & 20 \
\text { Income tax expense } & 30 \
\text { Total assets at the beginning of the year } & 700 \
\text { Total assets at the end of the year } & 850
\end{array}$$ Its rate of return on total assets is:
A) 19.4%
B) 21.9%
C) 16.8%
D) 4.83%

Quizplus · Accepted Answer

The Answer is B

A Business Reports the Following in Its Financial Statements Its Rate of Return on Total Assets Is: A) 19

A Business Reports the Following in Its Financial Statements Its Rate of Return on Total Assets Is:
A) 19