Metro Services, Inc. reported the following information for the year 2019. Based on the following...
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Accounting
Metro Services, Inc. reported the following information for the year 2019. Based on the following information, calculate the rate of return on total assets for Metro Services, Inc. (Round the percentage to two decimal places.)
Total Assets, December 31, 2019
$599,000
Total Assets, December 31, 2018
$505,000
For Year Ended December 31, 2019:
Interest Expense
$27,900
Net Income
$67,100
A.
7.78%
B.
7.10%
C.
11.20%
D.
17.21%
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