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Hakonohe Inc.'s 2019 financial statements reported the following itemswith 2018 figures given for comparison. -X i (Click the icon to view the data.) Financial statements
Hakonohe Inc.'s 2019 financial statements reported the following itemswith 2018 figures given for comparison. -X i (Click the icon to view the data.) Financial statements Compute Hakonohe Corp.'s return on assets for 2019. (Round all interim calculations to the nearest whole number. Round your final answer to two decimal places.) 2019 2018 Hakonohe's rate of return on total assets for 2019 is %. Balance Sheet $ 51,600 $ 47,400 Total assets Total liabilities 28,200 23,400 26,500 20,900 Total shareholders' equity (all common) $ 51,600 $ 47,400 Total liabilities and equity Income Statement Net sales $ 39,900 14,600 Cost of goods sold Gross margin 25,300 Selling and administrative expenses 14,500 Interest expense 540 All other expenses, net 4,800 $ 5,460 Net Income Print Done Done Enter your answer in the answer box and then click Check
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