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QUESTION 63 Use the following information to answer this question. A company with the tax...

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QUESTION 63 Use the following information to answer this question. A company with the tax rate of 50 percent has $25,000 of sales and earns 10 percent or $2,500 before taxes on these sales. Its total assets are $100,000, of which $25,000 are current assets and $75,000 are fixed assets. What is the rate of return on total assets? 13.40% 12.25% 14.66% 17.22% 18.33% 5 points Save

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