Calculate Return on Total Assets for all the years?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Calculate Return on Total Assets for all the years?

20Υ8
20Υ7
20Υ6
20Υ5
20Y4
Net income
$1,120,400
$965,900
$811,700
$693,800
$588,000
Interest expense
380,900
347,700
300,300
229,000
182,300
Income tax expense
358,528
270,452
227,276
180,388
141,120
Total assets (ending balance)
6,308,280
6,633,962
4,788,646
4,965,740
3,765,686
Total stockholders' equity (ending balance)
2,021,243
2,424,789
1,550,109
1,918,695
1,151,217
Average total assets
6,471,121
5,711,304
4,877,193
4,138,117
3,517,352
Average stockholders' equity
2,223,016
1,987,449
1,734,402
1,534,956
1,342,466
Transcribed Image Text:20Υ8 20Υ7 20Υ6 20Υ5 20Y4 Net income $1,120,400 $965,900 $811,700 $693,800 $588,000 Interest expense 380,900 347,700 300,300 229,000 182,300 Income tax expense 358,528 270,452 227,276 180,388 141,120 Total assets (ending balance) 6,308,280 6,633,962 4,788,646 4,965,740 3,765,686 Total stockholders' equity (ending balance) 2,021,243 2,424,789 1,550,109 1,918,695 1,151,217 Average total assets 6,471,121 5,711,304 4,877,193 4,138,117 3,517,352 Average stockholders' equity 2,223,016 1,987,449 1,734,402 1,534,956 1,342,466
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