Belfast Water Works Had a Profit of $300 000 Before

Multiple Choice

Belfast Water Works had a profit of $300 000 before tax, after deducting $27 000 in interest expense. Belfast's liabilities and equity total $2 725 000. Return on total assets, before finance costs and tax is:

A) 10.4%.
B) 11.0%.
C) 12.0%.
D) unable to be calculated from the information provided.