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4 years ago

14

If net income is $115,000 and interest expense is $30,000 for 2012 what is the rate earned on total assets for 2012 (round perce

nt to one decimal point)?

1 answer:

Mazyrski [523]4 years ago

5 0

Its (115,000 - 30,000) / 115,000 = 73.9%

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