Based on the following information for Montana Investments, Inc., compute the rate of return on total assets. (Round the percentage to two decimal places.) $$\begin{array} { | l | l | }
\hline \text { Total Assets, December 31,2019 } & \$ 191,000 \
\hline \text { Total Assets, December 31,2018 } & \$ 149,000 \
\hline \text { For Year Ended December 31, 2019: } & \
\hline \text { Interest Expense } & \$ 15,000 \
\hline \text { Net Income } & \$ 18,000 \
\hline
\end{array}$$

Question

Based on the following information for Montana Investments, Inc., compute the rate of return on total assets. (Round the percentage to two decimal places.) $$\begin{array} { | l | l | } 
\hline \text { Total Assets, December 31,2019 } & \$ 191,000 \
\hline \text { Total Assets, December 31,2018 } & \$ 149,000 \
\hline \text { For Year Ended December 31, 2019: } & \
\hline \text { Interest Expense } & \$ 15,000 \
\hline \text { Net Income } & \$ 18,000 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Based on the following information for Montana Investments, Inc., compute the rate of return on total assets. (Round the percentage to two decimal places.) $$\begin{array} { | l | l | } 
\hline \text { Total Assets, December 31,2019 } & \$ 191,000 \
\hline \text { Total Assets, December 31,2018 } & \$ 149,000 \
\hline \text { For Year Ended December 31, 2019: } & \
\hline \text { Interest Expense } & \$ 15,000 \
\hline \text { Net Income } & \$ 18,000 \
\hline
\end{array}$$

Based on the Following Information for Montana Investments, Inc A) 942% B) 19

Based on the Following Information for Montana Investments, Inc A) 942%
B) 19