Jester Corporation's most recent income statement appears below: Income Statement Sales (all on account) $ 230,000 Cost of goods sold 135,000 Gross margin 95,000 Selling and administrative expense 43,000 Net operating income 52,000 Interest expense 13,000 Net income before taxes 39,000 Income taxes (30%) 11,700 Net income $ 27,300 The beginning balance of total assets was $170,000 and the ending balance was $167,400. The return on total assets is closest to
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Home » Business » Jester Corporation's most recent income statement appears below: Income Statement Sales (all on account) $ 230,000 Cost of goods sold 135,000 Gross margin 95,000 Selling and administrative expense 43,000 Net operating income 52,000 Interest expense