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- .Return on total assets; a company reports the following income statement and balance sheet information for the current year: net income $178,320 interest expense $31,470 average total assets $3,330,000. A. Determine the return of total assets. B. Determine the company's price- earnings ratio.Question: A company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. What is their return on total assets?
- Return on Total Assets A company reports the following income statement and balance. sheet information for the current year: Net income Interest expense Average total assets $471,500 83,200 6,450,000 Determine the return on total assets. If required, round the answer to one decimal place. %Question: A company had net income of $2,665,000, net sales of $25,500,000, and average total assets of $8,500,000. Its return on total assets equalsReturn