Ski-Doo Company manufactures, markets, and sells snowmobiles and snowmobile equipment and accessories. The average total assets for Ski-Doo is $3,000,000. In its most recent year, Ski-Doo reported net income of $201,000 on revenues of $1,400,000.

Required

1. What is Ski-Doo Company’s return on assets?

2. Does return on assets seem satisfactory for Ski-Doo given that its competitors average a 9.5% return on assets?

3. What are the total expenses for Ski-Doo Company in its most recent year?

4. What is the average total amount of liabilities plus equity for Ski-Doo Company?