Brawer Company's net income last year was $55,000,and its interest expense was $20,000.Total assets at the beginning of the year were $660,000,and total assets at the end of the year were $620,000.The company's income tax rate was 30%.The company's return on total assets for the year was closest to which of the following?
A) 8.6%.
B) 9.5%.
C) 10.8%.
D) 11.7%.
Correct Answer:
Verified
Q22: The total assets of the Philbin Company
Q23: Braverman Company's net income last year was
Q24: Crawler Company's net income last year was
Q25: Arget Company's net income last year was
Q26: Selected data from Sheridan Corporation's year-end
Q28: Information concerningthe common shares of Morris
Q29: Fulton Company's price-earnings ratio is 8.0,and the
Q30: Selected financial data for Irvington Company
Q31: Crasler Company's net income last year was
Q32: The net accounts receivablefor Andante Company were
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents