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Use the following information to answer this question. A company with the tax rate of...

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Finance

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?

A) 13.40%

B) 12.25%

C) 14.66%

D) 17.22%

E) 18.33%

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