Metro Services,Inc A) 1120%
B) 7

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.) $$\begin{array} { | l | l | } \hline \text { Total Assets, December 31,2019 } & \$ 599,000 \\\hline \text { Total Assets, December 31,2018 } & \$ 505,000 \\\hline \text { For Year Ended December 31, 2019: } & \\\hline \text { Interest Expense } & \$ 27,900 \\\hline \text { Net Income } & \$ 67,100 \\\hline\end{array}$$

A) 11.20%
B) 7.78%
C) 17.21%
D) 7.10%

Correct Answer:

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