Question: E-17 Computing rate of return on total assets Learning Objective 5 Montane Exploration Company reported these figures for 2018 and 2017 Avg. total assets $368,000,000

 E-17 Computing rate of return on total assets Learning Objective 5

E-17 Computing rate of return on total assets Learning Objective 5 Montane Exploration Company reported these figures for 2018 and 2017 Avg. total assets $368,000,000 Income Statement-partial: 2018 2017 $ 16,700,000 16,500,000 16,900,00020,200,000 Dec. 31, 2018 Dec. 31, 2017 $316,000,000 $420,000,000 Interest Expense Net Income Balance Sheet-partial: Total Assets Compute the rate of return on total assets for 2018. (Round to two decimals.)

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