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To compute the Return on Assets (ROA) for Loncaster Corporation in 2019, we can use the formula:

\[
\text{ROA} = \frac{\text{Net Income}}{\text{Average Total Assets}}
\]

From the table:
- Net Income = $23,900
- Average Total Assets = $240,000

Now, calculating ROA:

\[
\text{ROA} = \frac{23,900}{240,000} = 0.0996
\]

So, the Return on Assets (ROA) is approximately **0.100** (rounded to the nearest thousandth).

Would you like more details or have any questions? Here are some related questions to consider:

1. How does ROA compare with Return on Equity (ROE)?
2. What factors can influence a company's ROA?
3. What is considered a good ROA for companies in various industries?
4. How would an increase in net income affect the ROA?
5. How does the interest expense affect other profitability ratios?

**Tip:** ROA helps assess how efficiently a company uses its assets to generate profit.

Compute the return on assets for Loncaster Corporation for 2019.

Learn how to compute the Return on Assets (ROA) for Loncaster Corporation for 2019 using the net income of $23,900 and average total assets of $240,000. A step-by-step explanation of the formula ROA = Net Income / Average Total Assets is provided.

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