Bryant,Inc.provides the following data:

Additional information:

Calculate the rate of return on total assets for 2017.(Round your answer to two decimal places. )
A)46.95%
B)63.29%
C)71.98%
D)52.28%

Question

Bryant,Inc.provides the following data:

Additional information:

Calculate the rate of return on total assets for 2017.(Round your answer to two decimal places. )
A)46.95% 
B)63.29% 
C)71.98% 
D)52.28%

Quizplus · Accepted Answer

B)
 11ea8a42_4f7b_0b87_8b44_ed00a3f08cd5_TB5024_00 Return on total assets = (Net Income + Interest Expense)/ Average total assets = {$185,000 + 21,000)/ [($394,000 + $257,000)/ 2] = 63.29%

Bryant,Inc.provides the Following Data