MC Qu. 183 Flitter reported net income of.. Flitter reported net income of $21,500 for the past year. At the beginning of the year the company had $208,000 in assets and $58,000 in liabilities. By the end of the year, assets had increased to $308,000 and liabilities were $83,000. Calculate its return on assets: Multiple Choice 10.3% 8.3% 70% 35.5%