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The following information is available from the financial statements of Regae Industries. 2016 2017 2018 Total assets, December 31 $ 210,000 $ 282,000 $ 492,000
The following information is available from the financial statements of Regae Industries.
2016 | 2017 | 2018 | |||||||
Total assets, December 31 | $ | 210,000 | $ | 282,000 | $ | 492,000 | |||
Net income | 29,200 | 32,600 | 38,376 | ||||||
Required:
Compute Regae's return on total assets for 2017 and 2018.
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