The following information is available for Manhattan Quarry for the current year:

Net income: $200,000

Interest expense: 20,000

Beginning of year: Total assets: 600,000 , Total common stockholders' equity: 400,000

End of year: Total assets: 750,000, Total common stockholders' equity: 450,000

The __return on assets (ROA)__ for Manhattan Quarry is:

a. 26.7%

b. 32.6%

c. 42.4%

d. 51.8%

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What scientific concept do you need to know in order to solve this problem?

Our tutors have indicated that to solve this problem you will need to apply the Ratios: Return on Assets (ROA) concept. You can view video lessons to learn Ratios: Return on Assets (ROA). Or if you need more Ratios: Return on Assets (ROA) practice, you can also practice Ratios: Return on Assets (ROA) practice problems.

What is the difficulty of this problem?

Our tutors rated the difficulty of*The following information is available for Manhattan Quarry ...*as medium difficulty.