Question: 6 points) Financial data for Garfield's Lasagna Factury for last year appear below: CarTelt's Lasagna Factory Balance Sheet Beginning Balance Ending Balance Assets: Cash $

 6 points) Financial data for Garfield's Lasagna Factury for last year

6 points) Financial data for Garfield's Lasagna Factury for last year appear below: CarTelt's Lasagna Factory Balance Sheet Beginning Balance Ending Balance Assets: Cash $ 120.700 $ 220,000 Accounts receivable 225,000 475,000 Inventory 317,000 390,000 Plant and equipment (net) 1.200.000 $60,000 Land (undeveloped and unused) 198.000 65.000 Total assets 2.060.700 $ 2.010.000 Liabilities and owners' equity: Accounts payable $178,700 $10,000 Long-term debt 512,000 600,000 Owners' equity 1.370,000 1,400,000 Total liabilities and owners' equity 2.060,700 $ 2.010.000 Income Statement Sales Less operating expenses SSS 5,000,000 4,250,000 750,000 Net operating income Required: 1.) Compute the company's return on investment for last year. (4 points)

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