In its closing financial statements for its first year in business, the Runs and Goses Company, had cash of S242, accounts receivable of S850, inventory of S820. net fixed assets of $3,408. accounts payable of $700. short-term notes payable of S740, long-tenn liabilities of $1,100, common stock of S1,160. retained earnings of S1,620. net sales of S2,768, cost of goods sold of S1,210, depreciation of S360, interest expense of S160, taxes of S312, addition to retained earnings of $508, and dividends paid of $218.
What is Runs and Qmcs' return on total assets?

a. 9.6%

b. 13.6%

c. 19.1%

d. 37.9%

c. 22.5%

Answer rating: 100% (QA)

Net Income Net sales cost of goods sold depreciation inte... View the full answer