Rate of Return on Total Assets for 2024: How to Compute and

HW Score: 68.6%, 3.43 of 5 points © Homework Question 5, EF1o-17 (similar to) @ Points: 1 of, Superior Exploration Company reported these figures for 2024 and 2023: a (Click the icon to View the figures.) Compute the rate of return on total assets for 2024. (Round to two decimals.) —<:>— Select the formula, then enter the amounts to compute the rate of return on total assets for 2024. (Enter the rate of return as a percent rounded to two decimal places, X.XX%.) + Average total aSSBtS = Rate of return on total assets + $ 309,000,000 = 12.04 % ( Net income + Interest expense ) ( $ 21,600,000 + $ 15,600,000 ) Data table Income Statement—partial: 2024 2023 Interest Expense 15,600,000 $ 18,200,000 Net Income 21,600,000 17,200,000 Balance Sheet—partial: Dec. 31. 2024 Dec. 31. 2023 Total Assets $ 300,000,000 $ 318,000,000