Based on the partial balance sheet of Marco Investments Inc.find the rate of return on total assets.

Name: Based on the partial balance sheet of Marco Investments Inc.find the rate of return on total assets.
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Question

Quizplus · Accepted Answer

The rate of return on total assets is calculated by dividing net income by total assets. 
Net income for the year = $53,500 
Total assets = $350,000
Rate of return on total assets = ($53,500/$350,000) x 100 = 15.25% 
Therefore, the correct choice is B (15.25%).

Based on the Partial Balance Sheet of Marco Investments Inc