Branch Corp.'s total assets at the end of last year were $315,000 and its net income after taxes was $22,750.What was its return on total assets?
A)7.22%
B)7.58%
C)7.96%
D)8.36%

Name: Branch Corp.'s total assets at the end of last year were $315,000 and its net income after taxes was $22,750.What was its return on total assets? A)7.22% B)7.58% C)7.96% D)8.36%
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Question

Quizplus · Accepted Answer

Return on total assets = Net income after taxes / Total assets * 100= 22,750 / 315,000 * 100= 7.22%