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The following information was extracted from the accounting records of Company A for 20X1 and 20X2: 20x2 20x1 Interest expense $124,000 $174,000 Net income $179,000
The following information was extracted from the accounting records of Company A for 20X1 and 20X2: 20x2 20x1 Interest expense $124,000 $174,000 Net income $179,000 $191,000 Total assets $3,280,000 $3,180,000 Total paid-in capital $1,828,000 $1,734,000 Retained earnings $400,000 $300,000 What was the company's return on total assets for 20X2? (Round your answer to two decimal places.) O 9.38% O 1.70% O 9.24% O 10.34%
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