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Using the appropriate data, calculate the rate of return on assets, Current assets $14,300: Current liabilities $16.200 Debt payments- $25,300: Depreciation expense -$20,000: Gross revenues

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Using the appropriate data, calculate the rate of return on assets, Current assets $14,300: Current liabilities $16.200 Debt payments- $25,300: Depreciation expense -$20,000: Gross revenues $146,000: Income tax expense-$4,000: Interest- $15,400; Net farm income from operations $3,000: Owner withdrawals $500: Total assets: end of the year-$200,000: beginning of the year-$190.000: Total equity: end of the year- $46,000: beginning of the year $31,000: Total liabilities: end of the year- $154,000: beginning of the year-$164.000 (round to 1 decimal place)

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