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Branch Corp.'s total assets at the end of last year were $315,000 and its net income after taxes was $22,750. What was its return on total assets?
A. 7.22%.
B. 8.36%.
C. 7.96%.
D. 7.58%.
e. 8.78%.

Respuesta :

The answer is an option (a)7.22%

Branch Corp's total assets at the end of last year were $315,000 and its net income after taxes was $22,750.

return will be 7.22%

Return on Total assets = income/total assets

= $22.750 ÷ $315,000

= 7.22%

What is Return on Total assets?

  • The return on total assets (ROTA) ratio compares a company's earnings before interest and taxes (EBIT) to total net assets.
  • It is defined as the ratio of net income to total average assets, or the amount of financial and operational income received by a company in a fiscal year as compared to the total assets of that company.

To learn more about eturn on Total assets visit:

https://brainly.com/question/14969411

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