Question: Given the balance sheet and income statement shown below, calculate Rebel Golf's 2017 Return on Assets (ROA). Enter your answer as a number with 4

 Given the balance sheet and income statement shown below, calculate Rebel

Given the balance sheet and income statement shown below, calculate Rebel Golf's 2017 Return on Assets (ROA). Enter your answer as a number with 4 decimal places of precision (i.e. 0.1234 or 1.234) - ensure you include a leading number before the decimal point. Balance Sheet as of December 31 2017 Income Statement 2017 2016 2017 2016 Sales Revenue $ 75,680 Assets Liabilities and Shareholder Equity Operating costs Excluding D&A 59.920 Current Asset Current Liabilities EBITDA 15,760 Cash and Equivalents $ 2,783 $ 2612 Accruals $ 179 $ 80 Depreciation and Amortization 3,237 Accounts receivable 3,780 3.100 Accounts payable 2.190 1.975 Earnings before interest and taxes (EBIT) $12,523 Inventory 10.970 9.840 Notes payable 1,386 interest 2,964 Total Current Assets $ 17,533 $15.560 Total Current Liabilities $ 3,807 5 3.441 Earnings before taxes (EBT) 9,559 Taxes (389 Long-term Debt 13,140 12,510 Net Income $ 5,927 Total Liabilities 17.647 15.951 1.438 3,632 Long term Assets Net Fred Assets 81.323 29,650 Shareholder Equity Common stock Retained earings Total Shareholder Equity $ 25,000 $25.000 16,209 4,259 $ 41,209 5 29.259 Total Assets $ 58,056 45,210 Total Liabilities and Shareholder Equity $ 58.856 $ 45,210

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