PLEASE READ CAREFULLY!!!! I already answered all of it expect #12 on the last pi

Question

PLEASE READ CAREFULLY!!!! I already answered all of it expect #12 on the last picture. The answer must be in 1 decimal place. Also note that I tried both “6.9” and “13.3” as provided by some people previously and neither of those answers worked. or-assignment-take&inprogress-false; AO aclp Mal, rencensupplieMad-rencenavsupp D Facilites Service Cen G Google ok Calculator easures of liquidity, solvency, and profitability nstruc The comparative inancial statements of Marshall Inc. are as tolows. The market price of Marshal common stock was $82 60 on December 31, 202 Marshall Inc Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 3,704,000.00 $3.264000.00 550000.00 4304,000.00$3,814,000.00 2Retained earnings, January 1 Net income 600,000.00 Total s Dividends On preferred stock On common stock Total dividends 10,000.00 100.000.00 $110.000.00 4,194,000.00 $3.704,000.00 10000.00 100.000.00 $110,000.00 Retained earnings, December 31 Varshall inc Comparative Income Statement or the Years Ended December 31, 20Y2 and 20Y1

Explanation / Answer

Answer to Part 12.

Return on Total Assets = Income from Operations / Average Total Assets

Average Total Assets = ($9,024,000 + $8,254,000) / 2
Average Total Assets = $8,639,000

Return on Total Assets = 1,052,500 / 8,639,000 * 100
Return on Total Assets = 12.2%

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