Answer:
2016 net return on assets is 3.88%
2015 net return on assets is 4.46%
Explanation:
The net return on assets is a profitability ratio that compares net income of a business with the capital assets (fixed assets used in generating such net income,hence it is a comparative performance metric not an absolute like net income as it a profit figure might be misleading if not viewed viz-a-viz the amount of resources deployed to generating it.
net return on assets=net income/total assets:
2016:
net income is $298,300
total assets is $7,694,748
Net return on assets=$298,300/ $7,694,748=3.88%
2015:
net income is $309,120
total assets is $6,925,273
Net return on assets=$309,120/$6,925,273=4.46%
