Calculate the rate of return on total assets for 2019. (Round your answer to two decimal places.)
Walton, Inc. provides the following data:
Additional information for the year ending December 31, 2019:
A) 45.36%
B) 62.50%
C) 70.43%
D) 51.38%
B) 62.50%
Return on total assets = (Net Income + Interest Expense) / Average total assets = {$181,000 + 24,000) /
[($399,000 + $257,000) / 2] = 62.50%
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