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The following information is available from the financial statements of Regae Industries. 2014 2015 2016 Total assets, December 31 $ 150,000 $ 342,000 $ 502,000
| The following information is available from the financial statements of Regae Industries. |
| 2014 | 2015 | 2016 | ||||
| Total assets, December 31 | $ | 150,000 | $ | 342,000 | $ | 502,000 |
| Net income | 28,200 | 30,600 | 39,156 | |||
| Compute Regae's return on total assets for 2015 and 2016. |
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