-Refer to the Following Selected Financial Information from Shakley's Incorporated
Question 162
Question 162
Multiple Choice
Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity Year 2 $478,500276,3009,70067,25046,050317,100181,400135,700 Year 1 $426,250250,12010,70052,68039,900288,000167,300120,700 -Refer to the following selected financial information from Shakley's Incorporated.Compute the company's return on total assets for Year 2.
A) 9.6%. B) 15.2%. C) 2.6%. D) 22.2%. E) 14.5%.
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