Question
A company reports the following income statement and balance sheet information for the current year: Net income $165,070 Interest expense 14,354 Average total assets 1,869,000
A company reports the following income statement and balance sheet information for the current year:
| Net income | $165,070 |
| Interest expense | 14,354 |
| Average total assets | 1,869,000 |
Determine the return on total assets. Round the percentage to one decimal place.
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Financial Accounting A Business Perspective
Authors: Jefferson Williams, Roger Hermanson, James Don Edwards
10th Edition
1930789793, 978-1930789791
