The Records of Marshall Company Include the Following The Return on Assets Is Closest To:
A) 14

question 72

Multiple Choice

The records of Marshall Company include the following: $$\begin{array} { l r } \text { Average total assets } & \$ 3,500,000 \\\text { Average total liabilities } & 1,220,000 \\\text { Total revenue } & 4,580,000 \\\text { Total expense (including income tax) } & 4,100,000 \\\text { Interest expense (included in total expenses) } & 90,000 \\\text { Income tax rate } 40 \% &\end{array}$$ The return on assets is closest to:

• A) 14.9%.
• B) 18.3%.
• C)15.3%.
• D)14.7%.

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Definitions:

Industrial Regulation

Governmental policies and regulations that control or direct economic activity, especially in specific sectors.

Sherman Act

A landmark federal statute passed in 1890 that prohibits monopolistic and restrictive trade practices, thus promoting competition in the marketplace.

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Microsoft

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