Angelo Services, Inc reported the following balance sheet information for the year 2017
Based on the following information, calculate the rate of return on total assets for Angelo Services, Inc
Total Assets, December 31, 2017 $586,000
Total Assets, December 31, 2016 $505,000
For Year Ended December 31, 2017:
Interest Expense $27,000
Net Income $66,100
A) 11.28%
B) 7.93%
C) 17.07%
D) 7.17%
C .
Business
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