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Degollado Corporation's most recent income statement appears below: 3 Income Statement For the Year Ended December 31 $210,000 81,000 129,000 54,000 75,000 30,000 45, 000
Degollado Corporation's most recent income statement appears below: 3 Income Statement For the Year Ended December 31 $210,000 81,000 129,000 54,000 75,000 30,000 45, 000 13.500 $ 31,500 Sales (all on account) Cost of goods sold Gross margin 03083Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30) Net income The beginning balance of total assets was $220,000 and the ending balance was $240,000 Required: Compute the return on total assets. (Round your "Percentage" answer to 2 decimal places.) Return on total assets
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