Step Up Ladders Company provides the following financial information: Income from operations $400,000 Interest expense 46,000 Gains/(losses) on sale of equipment 2,700 Net income 351,300 Total assets at Jan. 1 2,800,000 Total assets at Dec .31 3,200,000 Calculate return on investment based on the information given above. (Round your answer to two decimal places.) A. 11.71% B. 13.33% C. 12.5% D. 14.29%

Step Up Ladders Company provides the following financial information: Income from operations $400,000 Interest expense 46,000 Gains/(losses) on sale of equipment 2,700 Net income 351,300 Total...

Step Up Ladders Company provides the following financial information:

Income from operations	$400,000
Interest expense	46,000
Gains/(losses) on sale of equipment	2,700
Net income	351,300
Total assets at Jan. 1	2,800,000
Total assets at Dec .31	3,200,000

Calculate return on investment based on the information given above. (Round your answer to two decimal places.)

A.

11.71%

B.

13.33%

C.

12.5%

D.

14.29%

Jun 10, 2022

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Step Up Ladders Company provides the following financial​ information: Income from operations $400,000 Interest expense 46,000 ​Gains/(losses) on sale of equipment 2,700 Net income 351,300 Total...

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Step Up Ladders Company provides the following financial information: Income from operations $400,000 Interest expense 46,000 Gains/(losses) on sale of equipment 2,700 Net income 351,300 Total...