Swiss Group reports net income of $40,000 for 2016. At the beginning of 2016, Swiss Group had

Question:

Swiss Group reports net income of $40,000 for 2016. At the beginning of 2016, Swiss Group had $200,000 in assets. By the end of 2016, assets had grown to $300,000. What is Swiss Group's 2016 return on assets? How would you assess its performance if competitors average an 11% return on assets?