19. 20. Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 30%. Balance Sheet Assets: Cash Accounts Receivable (net) Inventory Long-lived assets Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity: Accounts payable Deferred revenues Long-term note payable Less: Discount on note payable Common stock Retained earnings Search G Year 1 $10,000 6,000 8,000 12,000 (4,000) $32,000 $5,000 1,000 10,000 (800) 12,000 4,800 Year 0 $5,300 1,500 10,000 11,000 (2,000) $25,800 W $6,000 2,000 10,000 (1,000) 6,000 2,800

Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective trox rate of 30%. Refer to the information for Orca Industries. The return on assets for Orca Industries is: a. 14.2% b. 12.3% c. 10% d. 6.8%