Based on the partial balance sheet of Marco Investments, Inc, compute the rate of return on total assets
Total Assets, December 31, 2017 $191,000
Total Assets, December 31, 2016 $149,000
For Year Ended December 31, 2017:
Interest Expense $15,000
Net Income $18,000
A) 9.42%
B) 19.41%
C) 9.71%
D) 1.76%
B .Interest Expense $15,000
Net Income $18,000
Average assets $170,000
Rate of return on total assets 19.41%
($15,000 + $18,000 ) / $170,000
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