TB MC Qu$.13-46($Static$)$ The records of Marshall Company...

The records of Marshall Company include the following:

Average total assets $$3,500,000$

Average total liabilities $1,220,000$

Total revenue $4,580,000$

Total expenses $($including income tax$)4,100,000$

Interest expense $($included in total expenses$)90,000$

Income tax rate $40\%$

The return on assets $($calculated using the modified method discussed in the text$)$ is closest to:

Multiple Choice

$14\mathrm{.}9\%.$

$18\mathrm{.}3\%.$

$15\mathrm{.}3\%.$

$14\mathrm{.}7\%.$