Isaiah Company has net income before interest and taxes of $834,000; beginning total assets of $2,190,000; and ending total assets of $2,500,000. Isaiah's return on total assets is: (Round your answer two decimal places.)
A) 33.36%.
B) 17.78%.
C) 38.08%.
D) 35.57%.

Question

Quizplus · Accepted Answer

Return on total assets = Net income before interest and taxes / Average total assets= $834,000 / (($2,190,000 + $2,500,000) / 2)= $834,000 / $2,345,000= 35.57%

Isaiah Company Has Net Income Before Interest and Taxes of $834,000;