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38. Anthonys Services, Inc. reported the following balance sheet information for the year 2017. Based on the following information, calculate ROTA (return on total assets).
38. Anthonys Services, Inc. reported the following balance sheet information for the year 2017. Based on the following information, calculate ROTA (return on total assets). Total Assets, December 31, 2017 $586,000 Total Assets, December 31, 2016 $505,000 For Year Ended December 31, 2017: Interest Expense $27,000 Interest Income 20,000 Net Income $66,100 A) 7.93% B) 11.28% C) 17.07% D) 15.78% What does this result tell us?
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