Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bellatrix company had net income of $900 million a

Bellatrix Company had net income of $900 million and sales revenue of $5,250 million. Its...

70.2K

Verified Solution

Question

Accounting

Bellatrix Company had net income of $900 million and sales revenue of $5,250 million. Its assets at the end of the year totaled $2,025 million. Interest expense was $120 million and its income tax rate was 30 percent. What is the company's return on assets?

A.

17.83%
B.

46.22%
C.

18.74%
D.

48.59%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Consider the Characteristics of Design Thinkers. Which of these characteristics describe you? Give an example of...

Electrical Engineering
Q

Problem 12-3: The following table lists the components needed to assemble an end item, lead times (in...

General Management
Q

Advantages and disadvantages of on-the-job training?

General Management
Q

Discuss a company that is known to be a low-cost producer in its industry and...

Accounting
Q

Adjusted cash balance per bank Bank service charge Cash balance per bank statement Collection of...

Accounting
Q

Fart 2-5 questions, a total of 50 points In any question calling for computations, partial...

Accounting
Q

Arrow Industries was sued for infringing Masco Industries' patent No. 675X in August of 2020....

Accounting
Q

Additional information about the company follows: a. Hubs require $32 in direct materials per unit,...

Accounting
Q

Troy Engines, Limited, manufactures a variety of engines for use in heavy equipment. The company...

Accounting
Q

If you deposit $5,000 at the end of each of the next 20 years into...

Finance
Q

Martinez Company lost most of its inventory in a fire in December just before the...

Accounting
Q

Silver Company is a food manufacturer and produced 15,000 units of its product this year....

Accounting