Using the problem below, for the year 2020, what is the return on assets?

5.5 X M&F - Word Tel me what you want to do File Home Insert Design Layout References Malings Review View Sign in Share You have the following information taken from balance sheet for two successive years for a hotel operation. Total Assets Total Liabilities Total Stockholders' Equity 2019 2020 P411,200 P 395,700 302,400 315,500 108,800 80,200 In addition to the information given above, an income statement for the hotel for the year 2020 is shown below: P Sales revenue Operating costs Operating income, before interest and tax Less: Interest Income before tax Less: Income tax Net Income 851,800 798,900 52,900 26,100 26,800 6,700 20,100 P P 1 Page 301211 English Type here to search !! o > ZUM 27/03/2021