Use the following information to answer this question. A company with the tax rate of...
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Use the following information to answer this question. A company with the tax rate of 50 percent has $25,000 of sales and earns 10 percent or $2,500 before taxes on these sales. Its total assets are $100,000, of which $25,000 are current assets and $75,000 are fixed assets. What is the rate of return on total assets?
A) 13.40%
B) 12.25%
C) 14.66%
D) 17.22%
E) 18.33%
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