The following information is available from the financial statements of Regae Industries. Compute Regaes return on total

The following information is available from the financial statements of Regae Industries. Compute Regae’s return on total assets for 2013 and 2014. (Round returns to one-tenth of a percent.)

Comment on the company’s efficiency in using its assets in 2013 and2014.

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2012 2013 2014 Total assets, December 31 $210,000 $340,000 $770,000 Net income 30,200 38,400 60,300