Accounting 2 help with test please

User Generated

qvilngubznf

Business Finance

Description

Brandon Company's net income last year was $115,000 and its interest expense was $32,500. Total assets at the beginning of the year were $740,000 and total assets at the end of the year were $790,000. The company's income tax rate was 30%. The company's return on total assets for the year was closest to:

17.4%
18.6%
15.0%
18.0%

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

This question has not been answered.

Create a free account to get help with this and any other question!

Related Tags