Return on total assets A company reports the following income statement and balance sheet information for the current year: Net income $190,280 Interest expense 33,580 Average total assets 2,460,000 Determine the return on total assets. If required, round the percentage to one decimal place.

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Loanable Funds Theory

The loanable funds theory is a neoclassical theory that determines the interest rate where the demand for loanable investments and supply of loanable funds intersect. To determine the interest rate, this theory employs linear regression and a demand curve. At the equilibrium point, demand for borrowings and demand for the issuance of borrowing funds are inextricably linked. This point of equilibrium should equalize demand and the supply of money available for borrowing.