ACCOUNTING PRINCIPLES V1 6/17 >C<
ACCOUNTING PRINCIPLES V1 6/17 >C<
3rd Edition
ISBN: 9781323761434
Author: Horngren
Publisher: PEARSON C
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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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