Question: Calculate Return on Total Assets Ratio for 2020 based on the following information: Income from operations: 2019: $204, 2020: $274 Accounts Receivable: 2019: $275, 2020:

Calculate Return on Total Assets Ratio for 2020 based on the following information:

  • Income from operations: 2019: $204, 2020: $274
  • Accounts Receivable: 2019: $275, 2020: $474
  • Net Sales: 2019: $2,340, 2020: $2,800
  • Average Total Assets: 2019: 2,299, 2020: $1,764.50

Group of answer choices

0.1553:1 or 15.53%

0.0887:1 or 8.87%

0.1305:1 or 13.05%

1.5869:1 or 158.69%

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