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Oleander Corp. had total assets of $1.240 000 on 31 December 20 3. At 31 December 20X4, total assets had ncreased to $1.480 000 Oleander's
Oleander Corp. had total assets of $1.240 000 on 31 December 20 3. At 31 December 20X4, total assets had ncreased to $1.480 000 Oleander's statement of changes in equity disclosed the following amounts at the beginning and end of 20X4: 31 December 20x4 31 December 20x3 Class A shares Class Bshares Contnbuted surplus Translation reserve (OCI) Hedge reserve (OCI) Retained earnings $388,000 45 500 8,300 (16,600) 5,200 68,000 310,400 45 500 6,640 (17,800 (1,400) 47,600 Total equity $488,000 390,940 The company's 20X4 statement of comprehensive income showed the following amounts: Earnings from continuing operations, net ot income tax Earnings (loss) from discontinued cperations, net of income tax Other comprehenslive Income 563,C00 4,600) 2,300 Comprehensive income $56,100 Required Determine Oleander Corporation's (1) return on assets and (2) retum on invested capital for the year 20X1 based on net income. (Round your answer to 1 declmal place. (l.e., .234 should be entered as 23.4).) 1. Returm on asses 43% 2. Retum on Invested capital
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