Accounting 2 help with test please
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Business Finance
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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% |
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