Question: Given the following data, please calculate the Return on Assets for year 2: Net Income before taxes (year 2)-$100,000; Taxes (year 2)-$20,000; Tax Rate

Given the following data, please calculate the Return on Assets for year

Given the following data, please calculate the Return on Assets for year 2: Net Income before taxes (year 2)-$100,000; Taxes (year 2)-$20,000; Tax Rate = 20; Interest Expense (year 2) = $15,000; Tangible Assets (year1)= $250,000; Tangible Assets (year 2)- $335,000

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