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QS 15-17 Return on total assets A1 Fivio Co. reports the following information. (1) Compute return on total assets for the current year and for

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QS 15-17 Return on total assets A1 Fivio Co. reports the following information. (1) Compute return on total assets for the current year and for 1 year ago. (2) Is Fivio more efficient or less efficient in using total assets to produce income in the current year versus 1 year ago? A B 1 C 1 Year Ago $340,000 38,400 D 2 Year Ago $210,000 30,200 Current Year $770,000 55,500 2 Total assets, December 31 Net income 3

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