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Calculate return on assets

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Reference no: EM131823503

Consider the following information from an income statement and balance sheet:

  • NOI: $323,000
  • Interest Expense: $165,000
  • Total Current Assets: $98,396
  • Total Fixed Assets: $2,996,000
  • Total Liabilities & Capital: $3,094,396
  • Total Liabilities: 2,551,396

1. Calculate Return on Assets (round to nearest tenth of a percent)

2. Calculate Return on Equity (round to nearest tenth of a percent)

Reference no: EM131823503

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