Question 11

Flexible O Ideal QUESTION 11 Return on Total Assets ratio assesses whether a company has efficiently used it's assets to generate net income. KraftHines reported its net income of $91,000, interest expense of $6,000, total assets at the beginning and ending of the year as $1,230,500 and $1,139,500 respectively. What is KraftHines's Return on Total Assets ratio based on the available data? O 8.20% O 7.30% 7.67% O 7.88% QUESTION 12 Inventory Turnover ratio equals O Sales / Average Inventory Sales / Total Inventory Cost of Goods Sold / Total Inventory Cost of Goods Sold / Average Inventory hp CC Oil esc