Horngren's Accounting: The Managerial Chapters, Student Value Edition (12th Edition)
Horngren's Accounting: The Managerial Chapters, Student Value Edition (12th Edition)
12th Edition
ISBN: 9780134491509
Author: MILLER-NOBLES, Tracie L., Mattison, Brenda L., Matsumura, Ella Mae
Publisher: PEARSON
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Chapter 15, Problem S15.7SE
To determine

Return on Total Assets:

Return on total assets in the profitability ratio that measure the percentage rate of income earned on the total assets invested in the business. It is calculated by dividing the Net Income by Average total assets.

The formula to calculate the Return on total assets is as follows:

Return on Total assets = Net IncomeAverage total assets  

To determine: The rate of Return on total assets for 2018

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