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Selected Current Year Company Information Follows: Net Income                                                $~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\$ 15,953
Net Sales

Question 216

Multiple Choice

Selected current year company information follows: Net income                                                $~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\$ 15,953
Net sales                                                   ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 712,855
Total liabilities, begirning-year                       ~~~~~~~~~~~~~~~~~~~~~~ 83,932
Total liabilities, end-of-year                           ~~~~~~~~~~~~~~~~~~~~~~~~~~ 103,20
Total stockholders' equity, begirnirg-year          ~~~~~~~~~ 198,935
Total stockholders' equity, end-of-year              ~~~~~~~~~~~~~ 121,85

The return on total assets is:


A) 2.24%
B) 2.81%
C) 3.64%
D) 4.67%
E) 6.28%

Correct Answer:

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