4 1.5 points eBook Print References Saunders, Incorporated, recently reported the following December 31 amounts in its financial statements (dollars in thousands): Gross profit Net income Total assets Total shareholders' equity Current Year Prior Year $280 45 Required la Required 1b $340 90 Required: Compute return on assets for the current year. What does this ratio measure? Return on assets 1,160 840 Complete this question by entering your answers in the tabs below. 1,060 640 % Compute return on assets for the current year. Note: Enter your answer as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3). Required 1a Required 1b >

Saunders, Incorporated, recently reported the following December 31 amounts in its financial statements (dollars in thousands): Required: Compute return on assets for the current year. What does this ratio measure? Complete this question by entering your answers in the tabs below. Compute return on assets for the current year. Note: Enter your answer as a percentage rounded to 1 decimal place (1.e4,0.123 should be entered as 12.3)