Selected current year company information follows: $\begin{array}{lr}
\text { Net income}&\$15,953\
\text {Net sales }&712,855\
\text { Total liabilities, beginning-year}&83,932\
\text {Total liabilities, end-of-year }&103,201\
\text {Total stockholders' equity, beginning-year }&198,935\
\text {Total stockholders' equity, end-of-year }&121,851\
\end{array}$
The return on total assets is:
A) 2.24%
B) 2.81%
C) 3.64%
D) 4.67%
E) 6.28%

Question

Selected current year company information follows: $\begin{array}{lr}
\text { Net income}&\$15,953\
\text {Net sales }&712,855\
\text { Total liabilities, beginning-year}&83,932\
\text {Total liabilities, end-of-year }&103,201\
\text {Total stockholders' equity, beginning-year }&198,935\
\text {Total stockholders' equity, end-of-year }&121,851\
\end{array}$
 The return on total assets is:
A) 2.24%
B) 2.81%
C) 3.64%
D) 4.67%
E) 6.28%

Quizplus · Accepted Answer

The Answer of Selected current year company information follows: $\begin{array}{lr}
\text { Net income}&\$15,953\
\text {Net sales }&712,855\
\text { Total liabilities, beginning-year}&83,932\
\text {Total liabilities, end-of-year }&103,201\
\text {Total stockholders' equity, beginning-year }&198,935\
\text {Total stockholders' equity, end-of-year }&121,851\
\end{array}$
 The return on total assets is:
A) 2.24%
B) 2.81%
C) 3.64%
D) 4.67%
E) 6.28%

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

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