Walton,Inc.provides the following data:

Additional information for the year ending December 31,2019:

Calculate the rate of return on total assets for 2019.(Round your answer to two decimal places. )

Question

Walton,Inc.provides the following data:

Additional information for the year ending December 31,2019:

Calculate the rate of return on total assets for 2019.(Round your answer to two decimal places. )

Quizplus · Accepted Answer

B)
 11ea86ed_2c2a_6bdd_8b27_519b10c67588_TB3056_00 Return on total assets = (Net Income + Interest Expense)/ Average total assets
= ($184,000 + 24,000)/ [($405,000 + $257,000)/ 2] = 62.84%

Walton,Inc.provides the Following Data