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You Have Been Provided the Following Information About Wert Inc

Question 13

Multiple Choice

You have been provided the following information about Wert Inc.
 (in thousands of dollars)  20052006 Sales $2,456$3,778 Net income $172$202 Interest expense $50$55 Total assets $1,800$1,950 Tax rate 35%35%\begin{array} { l l l } \text { (in thousands of dollars) } & 2005 & 2006 \\\text { Sales } & \$ 2,456 & \$ 3,778 \\\text { Net income } & \$ 172 & \$ 202 \\\text { Interest expense } & \$ 50 & \$ 55 \\\text { Total assets } & \$ 1,800 & \$ 1,950 \\\text { Tax rate } & 35 \% & 35 \%\end{array}
Return on assets for 2006 is:


A) 13.71%.
B) 12.68%.
C) 10.77%.
D) 13.21%.

Correct Answer:

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