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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 (30%) Net income $ 181,000 73,000 108,000 44,000 64,000 21,000 43,000 12,900 $ 30,100 The beginning balance of total assets was $211,000 and the ending balance was $232,000. Required: Compute the return on total assets. (Round your "Percentage" answer to 2 decimal places.) Return on total assets %
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