A Business Reports the Following in Its Financial Statements Its Rate of Return on Total Assets Is:
A) 19

Multiple Choice

A business reports the following in its financial statements:
$$\begin{array} { l l } \text { Net profit before tax } & \$ 150 \\\text { Interest expense } & 20 \\\text { Income tax expense } & 30 \\\text { Total assets at the beginning of the year } & 700 \\\text { Total assets at the end of the year } & 850\end{array}$$
Its rate of return on total assets is:

A) 19.4%
B) 21.9%
C) 16.8%
D) 4.83%