Braverman Company's Net Income Last Year Was $75,000 and Its

Multiple Choice

Braverman Company's net income last year was $75,000 and its interest expense was $10,000.Total assets at the beginning of the year were $650,000 and total assets at the end of the year were $610,000.The company's income tax rate was 30%.The company's return on total assets for the year was closest to:

A) 11.9%.
B) 12.4%.
C) 13.0%.
D) 13.5%.