Question: Winter Exploration Company reported these figures for 2016 and 2015: Compute the rate of return on total assets for 2016. Income Statement-partial: Interest Expense Net

Winter Exploration Company reported these figures for 2016 and 2015:

Compute the rate of return on total assets for 2016.

Income Statement-partial: Interest Expense Net Income Balance Sheet-partial: Total Assets 2016 2015 S 15,600,000 17,800,000 21,600,000 19,600,000 Dec. 31, 2016 Dec. 31, 2015 $ 318,000,000 $312,000,000

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