5. 10. Ionic Co. reported the following items on its 2018 financial statements: (Click the icon to view the items.) Determine lonic's rate of return on total assets for 2018. Select the formula, then enter the amounts to compute the rate of return on total assets for 2018. (Round your answer to the nearest percent, X%.) (1) + (2) (3) Rate of return on total assets % 1: Data Table $ 14,000 12,000 Total Assets, December 31, 2018 Total Assets, December 31, 2017 Interest Expense For Year Ended December 31, 2018 Net Income For Year Ended December 31, 2018 800 2,200 Net income Total assets Net income Total assets Net income O Total assets (1) O O Average net income O Average total assets O Interest expense (2) O O Average net income O Average total assets Interest expense (3) O Average net income O Average total assets Interest expense