A company reports the following income statement and balance sheet information for the current year:
Net income$ 180,000Interest expense.....20,000
Average total assets.................................2,000,000

?Determine the return on total assets. Round your answer to one decimal place.

Question

A company reports the following income statement and balance sheet information for the current year:
Net income$ 180,000Interest expense.....20,000
Average total assets.................................2,000,000

?Determine the return on total assets. Round your answer to one decimal place.

Quizplus · Accepted Answer

The Answer of A company reports the following income statement and balance sheet information for the current year:
Net income$ 180,000Interest expense.....20,000
Average total assets.................................2,000,000

?Determine the return on total assets. Round your answer to one decimal place.

A Company Reports the Following Income Statement and Balance Sheet