Question: i need help finding the return on total assets. can you show work please! The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following

i need help finding the return on total assets. can you show work please!

i need help finding the return on total assets. can you show

The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $6.50 per share at the end of this year. The company paid a common stock dividend of $0.91 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash $ 57, 500 $ 50, 000 Accounts receivable $ 108 , 000 $ 75, 000 Inventory $ 83 , 500 $ 108,000 Current assets $ 249, 000 233 , 000 Total assets $ 975, 000 $ 1, 086, 000 Current liabilities $ 97 , 500 $ 109, 500 Total liabilities $ 240 , 000 $ 216, 000 Common stock, $1 par value $ 185 ,000 $ 185, 000 Total stockholders' equity $ 735, 000 $ 870, 000 Total liabilities and stockholders equity to 975, 000 1; 086, 000 This Year Sales (all on account) $ 1, 275, 000 Cost of goods sold $ 739, 500 Gross margin 535 , 500 Net operating income $ 419 , 250 Interest expense $ 19 , 500 Net income $ 279, 825 Foundational 14-4 (Algo) 4. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered as 12.3%) Return on total assets

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