QUESTION $5$

Sales for the year $=$$$997,279,$ Profit margin $=18\%,$ and average Assets during the year $=$$$647,770.$ Return on Assets $($ROA$)$ for the year is:

$65\mathrm{.}0\%$

$27\mathrm{.}7\%$

$11\mathrm{.}7\%$

There is not enough information to calculate ROA.

None of these are correct.

$q,$

On December $31,$ Harper, Inc., reported, on its year$-$end financial statements, the following $($in millions$)$:

$\backslash$table$[[,$Year $2,$Year $1],[$Total assets,$$11,868,$$$11,968$