Metro Services,Inc.reported the following information for the year 2019.Based on the following information,calculate the rate of return on total assets for Metro Services,Inc.(Round the percentage to two decimal places.) $$\begin{array} { | l | l | }
\hline \text { Total Assets, December 31,2019 } & \$ 599,000 \
\hline \text { Total Assets, December 31,2018 } & \$ 505,000 \
\hline \text { For Year Ended December 31, 2019: } & \
\hline \text { Interest Expense } & \$ 27,900 \
\hline \text { Net Income } & \$ 67,100 \
\hline
\end{array}$$

Question

Metro Services,Inc.reported the following information for the year 2019.Based on the following information,calculate the rate of return on total assets for Metro Services,Inc.(Round the percentage to two decimal places.) $$\begin{array} { | l | l | } 
\hline \text { Total Assets, December 31,2019 } & \$ 599,000 \
\hline \text { Total Assets, December 31,2018 } & \$ 505,000 \
\hline \text { For Year Ended December 31, 2019: } & \
\hline \text { Interest Expense } & \$ 27,900 \
\hline \text { Net Income } & \$ 67,100 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Metro Services,Inc.reported the following information for the year 2019.Based on the following information,calculate the rate of return on total assets for Metro Services,Inc.(Round the percentage to two decimal places.) $$\begin{array} { | l | l | } 
\hline \text { Total Assets, December 31,2019 } & \$ 599,000 \
\hline \text { Total Assets, December 31,2018 } & \$ 505,000 \
\hline \text { For Year Ended December 31, 2019: } & \
\hline \text { Interest Expense } & \$ 27,900 \
\hline \text { Net Income } & \$ 67,100 \
\hline
\end{array}$$

Metro Services,Inc A) 1120% B) 7

Metro Services,Inc A) 1120%
B) 7