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Yellowknife Company has total assets of $1,500,000 and $1,650,000 as at December 31, 2012 and 2013, respectively.A review of the company's income statement for 2013 shows that net income and interest expense were $175,000 and $12,000, respectively.If the company's average tax rate is 25%, their
Return-on-assets for 2013 is closest to?
EIS
The Enterprise Investment Scheme, a series of UK tax reliefs designed to encourage investments in small and medium-sized growth companies.
Environmental Effects
The impact of human activities or natural processes on the natural environment, including air, water, and land.
Strict Liability
A legal principle that holds a party responsible for damages or harm without the need to prove negligence or fault.
Abnormally Dangerous Activity
An abnormally dangerous activity is a legal term for actions that inherently pose a significant risk of harm to others, requiring those who engage in these activities to be strictly liable for any resulting injuries or damages.
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