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Calculate return on investment based on the information

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Reference no: EM132776126

Step Up Ladders Company provides the following financial? information:

Income from operations $400,000

Interest expense 46,000

?Gains/(losses) on sale of equipment 2,500

Net income 351,500

Total assets at Jan. 1 2,600,000

Total assets at Dec .31 3,200,000

Problem 1: Calculate return on investment based on the information given above.? (Round your answer to two decimal? places.)

A. 15.38?%

B. 12.50?%

C. 12.12?%

D. 13.79?%

Reference no: EM132776126

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