The records of Marshall Company include the following: Average total assets $4,300,000 Average total liabilities...
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Accounting
The records of Marshall Company include the following:
Average total assets $4,300,000
Average total liabilities 2,020,000
Total revenue 4,280,000
Total expense (including income tax) 3,940,000
Interest expense (included in total expenses) 106,000
Income tax rate 35%
The return on equity is closest to:
A 5.4%.
B 14.9%.
C 16.8%.
D 7.9%.
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