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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 percent to one decimal point)?

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 percent to one decimal point)?
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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 percent to one decimal point)?

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User Vladimir Zalmanek
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9.2k points

1 Answer

6 votes
Its (115,000 - 30,000) / 115,000 = 73.9%
answered
User Ray Suhyun Lee
by
8.2k points
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