Solution-What was the company return on total assets

What was the company return on total assets

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Reference no: EM133131485

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

	20X2	20X1
Interest expense	$14,000	$154,000
Net income	$279,000	$190,000
Total assets	$3,260,000	$3,188,000
Total paid-in capital	$1,858,000	$1,634,000
Retained earnings	$450,000	$325,000

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

Reference no: EM133131485

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What was the company return on total assets

Reference no: EM133131485

Reference no: EM133131485

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