The following information is available from the financial statements of Regae Industries. Compute Regae’s return on total assets for 2008 and 2009. (Round returns to one-tenth of a percent.) Comment on the company’s efficiency in using its assets in 2008 and 2009.AppendixLO1 

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File Edit View Insert Format Tools Data Window Help 2007 2008 2009 1 2 Total assets, December 31 $210,000 $340,000 $770,000 3 Net income 30,200 38,400 60,300 140