Branch Corp.'s total assets at the end of last year were $315,000 and its net income after taxes was $22,750.What was its return on total assets?
A) 7.22%
B) 7.58%
C) 7.96%
D) 8.36%
E) 8.78%

Name: Branch Corp.'s total assets at the end of last year were $315,000 and its net income after taxes was $22,750.What was its return on total assets? A) 7.22% B) 7.58% C) 7.96% D) 8.36% E) 8.78%
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Question

Quizplus · Accepted Answer

Return on total assets = Net income after taxes / Total assets= $22,750 / $315,000= 0.0722 or 7.22%