I' Current liabilities $56 059 W V " Long-term liabilities 91 394 Stockholders' equitycommon 219 969 Total liabilities and stockholders' equity $367,422 Income Statement E sa'es $97,501 Cost of merchandise sold (39,040) Gross prot $58,561 Operating expenses (26,424) Interest expense ' (4.830) Net income $27,257 Number of shares of common stock outstanding 6,704 Market price per share of common stock - $33 k 200 Total dividends paid $9, $42,246 Net cash ows from operating activities Using the data provided for Diane Company, what is the return on total assets (round your answer to one decimal place) ? ' a. 8.7% ' b. 8.2% c. 9.3% " d. ll.l% The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the question that follow. Assets Cash and short-term investments $42,246 Accounts receivable (net) 30,285 Merchandise inventory 37,664 Property, plant, and equipment 257,227 Total assets $367,422 Liabilities and Stockholders' Equity Current liabilities $56,059 Long-term liabilities 91,394 Stockholders' equity-common 219,969 Total liabilities and stockholders' equity $367,422 Income Statement Sales $97,601 Cost of merchandise sold (39,040) Gross profit $58,561 Operating expenses (26,424) Interest expense (4,880) 257