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. )
A)45.36%
B)62.50%
C)70.43%
D)51.38%

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. )
A)45.36% 
B)62.50% 
C)70.43% 
D)51.38%

Quizplus · Accepted Answer

11ea8a75_4284_fdff_a2a1_a9419250937b_TB6701_00 Return on total assets = (Net Income + Interest Expense)/ Average total assets = {$181,000 + 24,000)/ [($399,000 + $257,000)/ 2] = 62.50%