Assume metro corporation had a net income of $ 2 comma 400 for the year ending december 2018. its beginning and ending total assets were $ 30 comma 500 and $ 20 comma 000 , respectively. calculate metro's return on assets (roa). (round your percentage answer to two decimal places.)

We have:

Net Income = 2,400

Beginning total assets = 30,500

Ending total assets = 20,000

Return on asset is net income divided by average total assets.

Average total assets = (beginning total assets + ending total assets) / 2

= (30500 + 20000) / 2

= 25,250

Return on asset = net income / average total assets

= 2400 / 25250

=9.50%

Therefore, Return on asset would be 9.50%.