Moon Shoe Factory is an investment center and is responsible for all of their net income and the use of their assets. In 2012, the invested assets totaled $475,000 and net income was $115,000. What is the rate of return on assets?


A.24.2%

B.25.0%

C.4.0%

D.413.0%

A. 24.2%

To find the rate of return on assets, you need to divide the net income by the total assets and multiply by 100 to get the percentage.

So, the calculation would be:

Rate of return on assets = (Net income / Invested assets) * 100

Given the values in the question, we can substitute them into the equation:

Rate of return on assets = (115,000 / 475,000) * 100

Calculating this expression:

Rate of return on assets = 0.242 * 100

Thus, the rate of return on assets is 24.2%.

Therefore, the correct answer is A. 24.2%.