O'reilly beverage company reported net income of $690,000 for 2016. in addition, the company deferred a $60,000 pretax loss on derivatives and had pretax net unrealized holding gains on investment securities of $30,000. the company's income tax rate is 40%. how much is o'reilly's comprehensive income for 2016?
a. $660,000
b. $396,000
c. $720,000
d. $672,000 30. in the dupont formula, return on assets equals:
a. gross margin on sales * inventory turnover
b. profit margin on sales * inventory turnover
c. equity multiplier * asset turnover ratio
d. profit margin on sales * asset turnover ratio
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