Cecilia Company reported net income of $1,250,000. The average total liabilities were $4,302,500 and average...
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| Cecilia Company reported net income of $1,250,000. The average total liabilities were $4,302,500 and average total stockholders' equity was $5,205,000. Interest expense was $100,500 and the tax rate was 40%. Cecilia's return on assets ratio is closest to: |
13.8%
13.1%
12.1%
14.2%
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