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Degollado Corporation's most recent income statement appears below: Income Statement For the Year Ended December 31 Sales (all on account) Cost of goods sold
Degollado Corporation's most recent income statement appears below: Income Statement For the Year Ended December 31 Sales (all on account) Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (308) Net income $ 189,000 77,000 112,000 50,000 62,000 25,000 37,000 11,100 $ 25,900 The beginning balance of total assets was $216,000 and the ending balance was $236,000. Required: Compute the return on total assets. (Round your "Percentage" answer to 2 decimal places.) Return on total assets %
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