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Calculate the return on total assets ratio

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Question - Calculate the return on total assets ratio based on the following information: cash = $14,870; accounts receivable = $22,108; prepaid $3,010; supplies = $927; equipment = $62,150; accumulated depreciation = 13,750; accounts payable = 28,000; net sales = $325,000; interest expense $6,000; tax expense = $12,600; earnings before interest and taxes = $122,623; number of shares outstanding = 335,000. Round to two decimal places, and assume this is the first year of operations, so beginning total assets equal $0.

Reference no: EM132565367

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