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Selected Current Year Company Information Follows The Return on Total Assets Is:
A)2

Question 110

Multiple Choice

Selected current year company information follows:
 Net income $15,953 Net sales 712,855 Total liabilities, beginning-year 83,932 Total liabilities, end-of-year 103,201 Total stockholders’ equity, beginning-year 198,935 Total stockholders’ equity, end-of-year 121,851\begin{array}{l|r}\text { Net income } & \$ 15,953 \\\hline \text { Net sales } & 712,855 \\\hline \text { Total liabilities, beginning-year } & 83,932 \\\hline \text { Total liabilities, end-of-year } & 103,201 \\\hline \text { Total stockholders' equity, beginning-year } & 198,935 \\\hline \text { Total stockholders' equity, end-of-year } & 121,851\\\end{array}
The return on total assets is:


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

Correct Answer:

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