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The Records of Marshall Company Include the Following The Return on Assets Is Closest To:
A) 14

Question 57

Multiple Choice

The records of Marshall Company include the following:  Average total assets $3,500,000 Average total liabilities 1,220,000 Total revenue 4,580,000 Total expense (including income tax)  4,100,000 Interest expense (included in total expenses)  90,000 Income tax rate 40%\begin{array} { l r } \text { Average total assets } & \$ 3,500,000 \\\text { Average total liabilities } & 1,220,000 \\\text { Total revenue } & 4,580,000 \\\text { Total expense (including income tax) } & 4,100,000 \\\text { Interest expense (included in total expenses) } & 90,000 \\\text { Income tax rate } 40 \% &\end{array} The return on assets is closest to:


A) 14.9%.
B) 18.3%.
C) 15.3%.
D) 14.7%.

Correct Answer:

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