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2015 2016 182,910 96,000 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income 2017 211,400 $ 105,000 106,400 $ 53,000
2015 2016 182,910 96,000 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income 2017 211,400 $ 105,000 106,400 $ 53,000 53,400 $ 5,385 48,015 $ 22.647 25,368 $ 86,910 46,000 40,910 Less: Interest expense 6,459 Income before income taxes 34,451 16,160 Less: Income tax expense Net income 18,291 Print Done i Income statement UJOJ 0,15 LESS. IMETEST Experise Income before income taxes 48,015 $ 22,647 34,451 16,160 Less: Income tax expense 25,368 $ 18,291 Net income Additional data Total assets Common stockholders' equity Preferred dividends Common shares outstanding during the year 180,000 61,110 207,000 $ 101,000 $ 2,980 $ 27.985 195,000 $ 92,000 $ 2.980 $ 27.985 A 26,000 d. Calculate the rate of return on total assets for 2016 and 2017 Identify the formula, then calculate the rate of return on total assets. (Round the percentages to two decimal places, XXX%) Net income + Interest expense Average total assets - Return on assets 2017 ( 25368 5385 2016 ( 18291 + 6459 ) Choose from any list or enter any number in the input fields and then click Check Answer 3 parts remaining Clear Check
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