Question: --/3 Question 36 View Policies Current Attempt in Progress The following information pertains to Swifty Corporation. Assume that all balance sheet amounts represent both average

 --/3 Question 36 View Policies Current Attempt in Progress The following
information pertains to Swifty Corporation. Assume that all balance sheet amounts represent

--/3 Question 36 View Policies Current Attempt in Progress The following information pertains to Swifty Corporation. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 64000 Accounts receivable (net) 49000 Inventory 43000 Property, plant and equipment 223000 Total Assets $379000 Liabilities and Stockholders' Equity Current liabilities $ 74000 Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity 74000 231000 $379000 Income Statement $89000 Sales revenue 46000 Cost of goods sold 43000 Gross profit 21397 Operating expenses Net income $ 21603 Number of shares of common stock 13000 Market price of common stock $23 Dividends per share on common stock Cash provided by operations $37900 What is the return on assets for this company? 11.7% 5.7% 26.7% 10.0%

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