Answer
21.5%
Work Step by Step
The return on total assets (assuming a 30% tax rate): $\frac{92.400+[8.000\times(1-0.3)]}{\frac{450.000+460.000}{2}}\approx21.5$%
Managerial Accounting (15th Edition)
by Garrison, Ray; Noreen, Eric, Brewer, Peter
Published by
McGraw-Hill Education
ISBN 10:
007802563X
ISBN 13:
978-0-07802-563-1
Chapter 15 - Financial Statement Analysis - The Foundational 15 - Required - Page 698: 4
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