Solution-What was the company return on total assets

What was the company return on total assets

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Reference no: EM133096754

Question - The following information was extracted from the accounting records of Company A for 20X1 and 20X2:

	20x2	20x1
Interest expense	$124,000	$174,000
Net income	$179,000	$191,000
Total assets	$3,280,000	$3,180,000
Total paid-in capital	$1,828,000	$1,734,000
Retained earnings	$400,000	$300,000

Required - What was the company's return on total assets for 20X2?

Reference no: EM133096754

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What was the company return on total assets

Reference no: EM133096754

Reference no: EM133096754

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