The following information is available from the financial statements of Regae Industries. Total assets, December 31 Net income 2016 $ 260,000 23,200 2017 $262,000 28,600 2018 $492,000 3 8, 376 Required: Compute Regae's return on total assets for 2017 and 2018. Return On Total Assets 1 Choose Denominator: Choose Numerator: = Return On Total Assets = Return On Total Assets 194.6% 1124.5% 2017: 2018: 508,000 507,000 1 1 261,000 45,088