Multiple Choice
F Co had a profit of $100,000 before tax, after deducting $16,000 in interest expense. F Co's liabilities and equity total $1,000,000. Return on total assets, before interest and tax, is:
A) 9%.
B) 10%.
C) 11.6%.
D) 13%.
Correct Answer:
Verified
Correct Answer:
Verified
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