Based on the partial balance sheet of Marco Investments,Inc. ,compute the rate of return on total assets. $$\begin{array} { | l | r | }
\hline \text { Total Assets, December 31,2017 } & \$ 191,000 \
\hline \text { Total Assets, December 31,2016 } & \$ 149,000 \
\hline \text { For Year Ended December 31, 2017: } & \
\hline \text { Interest Expense } & \$ 15,000 \
\hline \text { Net Income } & \$ 18,000 \
\hline
\end{array}$$

Question

Based on the partial balance sheet of Marco Investments,Inc. ,compute the rate of return on total assets. $$\begin{array} { | l | r | } 
\hline \text { Total Assets, December 31,2017 } & \$ 191,000 \
\hline \text { Total Assets, December 31,2016 } & \$ 149,000 \
\hline \text { For Year Ended December 31, 2017: } & \
\hline \text { Interest Expense } & \$ 15,000 \
\hline \text { Net Income } & \$ 18,000 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Based on the partial balance sheet of Marco Investments,Inc. ,compute the rate of return on total assets. $$\begin{array} { | l | r | } 
\hline \text { Total Assets, December 31,2017 } & \$ 191,000 \
\hline \text { Total Assets, December 31,2016 } & \$ 149,000 \
\hline \text { For Year Ended December 31, 2017: } & \
\hline \text { Interest Expense } & \$ 15,000 \
\hline \text { Net Income } & \$ 18,000 \
\hline
\end{array}$$

Based on the Partial Balance Sheet of Marco Investments,Inc A)942% B)19

Based on the Partial Balance Sheet of Marco Investments,Inc A)942%
B)19