Swiss Group reports net income of $39,000 for 2017. At the beginning of 2017, Swiss Group had $189,000 in assets. By the end of 2017, assets had grown to $239,000. What is Swiss Group's 2017 return on assets?

18.22%

Explanation:

The computation of the return on total assets is shown below:

Return on assets = (Net income) ÷ (average of total assets)

where,  

Net income is $39,000

Average total assets = (Beginning total assets + ending total assets) ÷ 2

= ($189,000 + $239,000) ÷ 2

= $214,000

Now put these values to the above formula  

So, the ratio would equal to

= $39,000 ÷ $214,000

= 18.22%

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