The following information is available from the financial statements of Regae Industries 2016 2017 2018 Total assets, December 31 $ 200,000 $ 312,000 $ 552,000 Net income 23,200 31,600 43,056 Required Compute Regae's return on total assets for 2017 and 2018 Return On Total Assets Choose Numerator Choose Denominator Return On Total Assets Return On Total Assets 2017 2018

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The following information is available from the financial statements of Regae Industries. 2016 2017 2018 Total assets, December 31 $ 200,000 $ 312,000 $ 552,000

The following information is available from the financial statements of Regae Industries.

	2016		2017		2018
Total assets, December 31	$	200,000	$	312,000	$	552,000
Net income		23,200		31,600		43,056

Required:

Compute Regae's return on total assets for 2017 and 2018.

Return On Total Assets
	Choose Numerator:	/	Choose Denominator:	=	Return On Total Assets
		/		=	Return On Total Assets
2017:		/		=
2018:		/		=

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