Settles Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. The company's return on total assets for Year 2 is closest to:
A)2.75%
B)1.64%
C)1.65%
D)2.76%

Question

Settles Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. The company's return on total assets for Year 2 is closest to:
A)2.75% 
B)1.64% 
C)1.65% 
D)2.76%

Quizplus · Accepted Answer

The Answer of Settles Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. The company's return on total assets for Year 2 is closest to:
A)2.75% 
B)1.64% 
C)1.65% 
D)2.76%

Settles Corporation Has Provided the Following Financial Data