What was the company return on total assets

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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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