Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 35%.
Income Statement
For the year ended December 31, 2007
The profit margin for computing ROA for Orca Industries is
A) 9.4%
B) 13.5%
C) 4.8%
D) 12.3%
Correct Answer:
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