YZ Corporation reported net income of $75,700 last year.The company incurred interest expense of $5,000.Assets on January 1st were $640,000 and on December 31st, had increased by $40,000.The income tax rate was 30%.What is XYZ's return on total assets?

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The Answer of YZ Corporation reported net income of $75,700 last year.The company incurred interest expense of $5,000.Assets on January 1st were $640,000 and on December 31st, had increased by $40,000.The income tax rate was 30%.What is XYZ's return on total assets?

YZ Corporation Reported Net Income of $75,700 Last Year