Question: Please answer & explain this asap. Thank you! The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and

Please answer & explain this asap. Thank you!  Please answer & explain this asap. Thank you! The following information
pertains to Diane Company. Assume that all balance sheet amounts represent both

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 Assets Cash and short term investments $43.513 Accounts receivable (net) 30,079 34,241 Inventory Property, plant, and equipment 250,838 $358,674 Total Assets Liabilities and Stockholders' Equity $69,728 Current abilities 90,866 Long-term botes 147,520 Common stock 50,560 Reneemings 5358,674 Total fiabilities and stod holders' equity Income Statement $92,248 sales 36,190 Cost of goods sold $55,340 Gros margin (26.470) Operating en Previous Next > All worked Email instructor Submit Test for Grad Common stock 147,520 Retained earnings 50,560 Total liabilities and stockholders' equity $358,674 Income Statement Sales $92,248 Cost of goods sold 36,899 Gross margin $55,349 Operating expenses (26,470) Interest expense (4,612) $24,267 Net income 5,056 Number of shares of common stock outstanding $33 Market price of common stock Total dividends paid $9,000 $30,000 Cash provided by operations What is the return on total assets for Diane Company? O a. 3.1% Ob. 6.9% , % O c. 8.1% O d. 11%

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