Dale Corporation has the following data:
|
Net income |
$ 24,000 |
Average total assets |
$ 300,000 |
|
Interest expense |
9,000 |
Average common equity |
100,000 |
|
Preferred dividends |
12,000 |
|
|
Dale’s return on assets is
a. 5%.
b. 12%.
c. 11%.
d. 8%.