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Julli [10]
3 years ago
8

The monarchs corporation has net income of $175,000.00, interest payable of $5,000.00, interest expense of $3,000.00, and averag

e total assets of $75,000.00. Calculate the rate on total assets?
Please help!!!
Business
1 answer:
a_sh-v [17]3 years ago
8 0
I believe that first one should add the $175,000 to the $5000 = $180000 - $3000=$177,000/75,000= 236% of assets would be the rate of return based on the assets which is a pretty high rate of return and means the assets are being very wisely used.
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