Isaiah Company has net income before interest and taxes of $825,000;beginning total assets of $2,100,000;and ending total assets of $2,500,000.Isaiah's return on total assets is:
A)33.0%.
B)11.2%.
C)3)1%.
D)31.3%.

Question

Quizplus · Accepted Answer

Return on total assets = Net income before interest and taxes / Average total assets= $825,000 / (($2,100,000 + $2,500,000) / 2)= $825,000 / $2,300,000= 33%

Isaiah Company Has Net Income Before Interest and Taxes of $825,000;beginning