18.. The Huck Printing Co. had sales of$10 million, Operating Income of $3million; After tax income of $1 million;assets of $8 million; Stockholders'equity of $5 million; and a total debtof $4 million. What is Huck's return onassets?A) 37.5%B) 12.5%C) 30.0%D) 25.0%

Net income after tax = $1 million Total assets = $8 million

Answered: 18.. The Huck Printing Co. had sales of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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18.. The Huck Printing Co. had sales of $10 million, Operating Income of $3 million; After tax income of $1 million; assets of $8 million; Stockholders' equity of $5 million; and a total debt of $4 million. What is Huck's return on assets? A) 37.5% B) 12.5% C) 30.0% D) 25.0%