Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the records of marshall company include the follow

The records of Marshall Company include the following: Average total assets $ 3,500,000 Average total...

80.2K

Verified Solution

Question

Accounting

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%

The return on assets is closest to:

A. 39.34%.

B. 15.26%.

C. 13.71%.

D. 23.42%.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

This is an ODE related question, A 1500 L tank initally contains 600 L of water...

Basic Math
Q

Don't answer these questions, please. See below for a different question. The role of a manager is...

General Management
Q

In the triangle below with right angle LE suppose that mLF 2x 37 and mL...

Geometry
Q

1 6 If the mean annual runoff of a drainage basin of 10 000 km...

Basic Math
Q

8 The radon levels measured in becquerels per cubic meter Bq m3 in the inner...

Statistics
Q

8 Evaluate f 1 dx Option A c A 5 MMA m 10 295 3...

Calculus
Q

Find the domain and range of f x 2 x 4

Algebra
Q

A corporation issues $4,000,000 10-year, 8% bond dated January 1 at 103. The journal entry...

Accounting
Q

ership LP, a limited partnership, was formed on January 1, Year 2. Individuals Thomas Green...

Accounting
Q

Kelce Corp's 2023 income from continuing operations before income taxes was $360,000. Kelce Corp. reported...

Accounting
Q

Debera MC ampliar su posicin para ser una marca de moda global, en lugar de...

Accounting
Q

Selected accounts with some amounts omitted are as follows Work in Process Oct....

Accounting