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(Answered) Use the following information to solve the Questions 1 and 2


Use the following information to solve the Questions 1 and 2
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Use the following information to solve the Questions 1 and 2 below:,

 

,

 

---2002---,

 

,

 

Total assets: $10,500,

 

Short-term debt: 1,000,

 

Long-term debt: 3,500,

 

Minority interest: 500,

 

Equity: 5,500,

 

,

 

Operating income: 1,350,

 

Interest expense: 350,

 

Tax expense (40%): 400,

 

Minority interest: 50,

 

Net income: 550,

 

,

 

,

 

,

 

,

 

,

 

---2001---,

 

,

 

Total assets: $10,000,

 

Short-term debt: 1,000,

 

Long-term debt: 3,000,

 

Minority interest: 450,

 

Equity: 5,000,

 

,

 

,

 

1. Return on assets for 2002 is:,

 

,

 

A) 7.9%,

 

B) 7.41%,

 

C) 8.78%,

 

D) 8.1%

 


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