16. Lanka's 2018 financial statements reported the following itemswith 2017 figures given for comparison: *(Click the icon to view the reported items.) Net income for 2018 was $2,160, and interest expense was $310. Compute Lanka's rate of return on total assets for 2018. (Round to the nearest percent.) Select the formula, then enter the amounts to compute the rate of return on total assets for 2018. (Round to the nearest percent.) Rate of return ( (1) + (2) (3) on total assets + % 1: Data Table Lanka, Inc. Balance Sheet As of December 31, 2018 and 2017 2018 2017 $ 29,552 $ 32,930 Total Assets Total Liabilities 16,900 14,730 Total Stockholders' Equity (all common) 12,652 18,200 $ 29,552 $ 32,930 Total Liabilities and Stockholders' Equity (2) (3) (1) O Average stockholders' equity O Average total assets O Interest Expense O Net income Total assets Total liabilities Total stockholders' equity Average stockholders' equity O Average total assets O Interest Expense Net income Total assets O Total liabilities Total stockholders' equity Average stockholders' equity O Average total assets Interest Expense Net income O Total assets Total liabilities Total stockholders' equity