Calculate the rate of return on total assets

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Question

The Monarchs Corporation has net income of 175000, interest payable of 15000, interest expense of 3000 and average total assets of 75000. Calculate the rate of return on total assets.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132314943

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