Question 2 Using the FactSet balance sheet data set below, what is the company's return on assets for 2016 if reported net income is $65,130 thousands)? 31-Dec 2016 2015 (in thousands) ASSETS Current assets Cash and cash equivalents $100,000 $ 95,000 Short-term investments 145,000 135,000 Accounts receivable (net) 100,000 45 000 Inventories 26,000 82.000 Other 4,000 75.000 Total current assets 375,000 432.000 Property and equipment (net) 105.000 102,000 Equity and other investments 31,500 40,000 Total assets $511,600 $ 674,000 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 60,000 $ 60,000 Short-term debt 6,000 51 000 Other 25,000 25,000 Total current habilities 91,000 136,000 Long term debit Total liabilities 300,000 391,000 310,000 446,000 Stockholders' equity Common stock and paid in-capital Ratained earnings 50 000 75 00 50.000 78 Equity and other investments Total assets 31,500 40,000 $511,500 $ 574,000 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Short-term debt Other Total current liabilities $ 60,000 $ 60,000 6,000 51,000 25,000 25,000 91,000 136,000 Long term debt Total liabilities 300,000 391,000 310,000 446,000 Stockholders' equity Common stock and paid in-capital Retained earnings Treasury stock Total stockholders' equity Total liabilities and stockholders' equity O 12.7% 50,000 50,000 75,000 78,000 (4,500) 120,500 128,000 $511,500 $ 574,000 O 12% 6% O 8%%