What is the return on assets

Reference no: EM13264419

The Lighting Store has sales of $364,000, depreciation of $28,000, and taxable income of $58,000. The capital intensity ratio is 1.2, the debt-equity ratio is 0.45, and the tax rate is 34 percent. What is the return on assets?

a. 6.53 percent
b. 7.21 percent
c. 7.79 percent
d. 8.76 percent

Reference no: EM13264419

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