Brown Company's net income last year was $90,000 and its interest expense was $15,000. Total assets at the beginning of the year were $640,000 and total assets at the end of the year were $680,000. The company's income tax rate was 40%. The company's return on total assets for the year was closest to:

A) 14.5%
B) 15.0%
C) 13.6%
D) 15.9%


B

Business

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