HW$4-$ Chapter $6$ i

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$33$

$10$

points

$\backslash$table$[[,20$X$2,20$X$1],[$Accounts receivable,$$,267,500,$$$230,000],[$Inventory$,,312,500,257,500],[$Total current assets,,$670,000,565,000],[$Intangible assets,,$50,000,60,000],[$Total assets,,$825,000,695,000],[$Current liabilities,,$252,500,200,000],[$Long$-$term liabilities,,$77,500,75,000],[$Sales$,,1,640,000,],[$Cost of goods sold,,$982,500,],[$Interest expense,,$10,000,],[$Income tax expense,,$77,500,],[$Net income,,$127,500,],[$Cash flow from operations,,$71,000,],[$Cash flow from investing activities,,$(6,000),],[$Cash flow from financing activities,,$(62,500),],[$Tax rate,,$30\%,]]$

The return on assets ratio for $20$X$2$ is $($rounded$)$: The return on assets ratio for $20$X$2$ is $($rounded$)$:

Multiple Choice

$16\mathrm{.}3\%$

$16\mathrm{.}9\%$

$17\mathrm{.}7\%$

$18\mathrm{.}2\%$