Answer:
33.25%
Explanation:
Calculation for what Its return on total assets equals
Using this formula
Return on total assets =Net income/Average total assets *100
Let plug in the formula
Return on total assets =$2,660,000/$8,000,000*100
Return on total assets =0.3325*100
Return on total assets=33.25%
Therefore what Its return on total assets equals is 33.25%
