Homework: napter Homework Save Score: 0.67 of 1 pt 11 of 1 1 (8 complete) Hw Score: 53.48%, 6.95 of 13 pts &ST-18 (similar to) Question Help In 2016, Applegate, Inc., reported $100 million in sales, $18 million in net income, and average total assets of $150 million. What is Applegate's retum on assets in 2016? Begin by identifying the formula to calculate return on assets Net income Average total assets Return on assets (ROA) What is Applegate's return on assets in 2016? (Round your answer to the nearest whole percent) Applegate's return on assets in 2016 is .. | 1.1 | Vi :/i .. | 0..) | More