Lanka's 2024 financial statements reported the following itemswith 2023 figures given for comparison: (Click the...
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Lanka's 2024 financial statements reported the following itemswith 2023 figures given for comparison: (Click the icon to view the reported items.) Net income for 2024 was 53.240, and interest expense was $220. Compute Lanka's rate of return on total assets for 2024. (Round to the nearest percent.) Select the formula then enter the amounts to compute the rate of return on total assets for 2024. (Round to the nearest percent.) Rate of return on total assets Data Table Lanka, Inc. Balance Sheet As of December 31, 2024 and 2023 2023 2024 30,380 $ s 37,470 Total Assets Total Liabilities 12.500 19,670 17.800 17.880 Total Stockholders' Equity (all common) Total Liabilities and Stockholders' Equity $ 30,380 S 37,470
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