You have been provided the following information about Wert Inc.
$$\begin{array} { l l l }
\text { (in thousands of dollars) } & 2005 & 2006 \
\text { Sales } & \$ 2,456 & \$ 3,778 \
\text { Net income } & \$ 172 & \$ 202 \
\text { Interest expense } & \$ 50 & \$ 55 \
\text { Total assets } & \$ 1,800 & \$ 1,950 \
\text { Tax rate } & 35 \% & 35 \%
\end{array}$$
Return on assets for 2006 is:
A)13.71%.
B)12.68%.
C)10.77%.
D)13.21%.

Question

You have been provided the following information about Wert Inc.
$$\begin{array} { l l l } 
\text { (in thousands of dollars) } & 2005 & 2006 \
\text { Sales } & \$ 2,456 & \$ 3,778 \
\text { Net income } & \$ 172 & \$ 202 \
\text { Interest expense } & \$ 50 & \$ 55 \
\text { Total assets } & \$ 1,800 & \$ 1,950 \
\text { Tax rate } & 35 \% & 35 \%
\end{array}$$
Return on assets for 2006 is: 
A)13.71%.
B)12.68%.
C)10.77%.
D)13.21%.

Quizplus · Accepted Answer

The Answer of You have been provided the following information about Wert Inc.
$$\begin{array} { l l l } 
\text { (in thousands of dollars) } & 2005 & 2006 \
\text { Sales } & \$ 2,456 & \$ 3,778 \
\text { Net income } & \$ 172 & \$ 202 \
\text { Interest expense } & \$ 50 & \$ 55 \
\text { Total assets } & \$ 1,800 & \$ 1,950 \
\text { Tax rate } & 35 \% & 35 \%
\end{array}$$
Return on assets for 2006 is: 
A)13.71%.
B)12.68%.
C)10.77%.
D)13.21%.

You Have Been Provided the Following Information About Wert Inc