From the following information for BlueInks Corporation, compute the rate on return of assets.

Net income after tax	$30,548
Taxes	$6,785
Interest expense	$3,545
Total assets at beginning of the year	$150,500
Total assets at end of year	$175,684

a.25.06%

b.18.73%

c.22.89%

d.20.90%

Answer rating: 100% (QA)

Rate of return of assets is simply calculated as follows Return of a... View the full answer