Determining return on total assets

Reference no: EM13142039

Braverman Company's net income last year was $75,000 and its interest expense was $10,000. Total assets at the beginning of the year were $650,000 and total assets at the end of the year were $610,000. The company's income tax rate was 30%. The company's return on total assets for the year was closest to:

a. 13.5%.
b. 12.4%.
c. 13.0%.
d. 11.9%.

Reference no: EM13142039

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