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Calculate the rate of return on total assets for 2015

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Reference no: EM132203271

Hot Shot Delivery Inc. provides the following data:

2015 2014

Cash $65,000 $38,000

Accounts Receivable 60,000 39,000

Merchandise Inventory 66,000 26,000

Property, Plant & Equip 219,000 154,000

Total Assets 410,000 257,000

Sales Revenue $530,000

Cost of Goods Sold 180,000

Interest Expense 30,000

Net Income 112,000

Calculate the rate of return on total assets for 2015.

Reference no: EM132203271

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