I keep coming up with 8.3 for the rate earned on total assets for 2010. Not 12%. I have followed the example to the T and have went over again and again Please help EX 15-17 The following selected data were taken from the financial statements of The Sigemund Group Inc. for December 31, 2010, 2009,and 2008: Profitability ratios a. Rate earned on December 31 Total assets, 2010, 12% 2010 2009 2008 ___________________________________________________________________ Total assets $3,000,000 $2,700,000 $2,400,000 Notes payable (10% interest)1,000,000 1,000,000 1,000,000 Common stock.. 400,000 400,000 400,000 Preferred $6 stock, $100par (no change during year). 200,000 200,000 200,000 Retained earnings. 1,126,000 896,000 600,000 The 2010 net income was $242,000, and the 2009 net income was $308,000. No dividends on common stock were declared between 2008-2010 A. Determine the rate earned on total assets, the rate earned on stockholders equity and the rate earned on common stockholders equity for the year 2009-2010