Question: Use the following information for this question (the given information is the same as in the previous question): Little Gonilla, Inc Year 2 lacome Statement

 Use the following information for this question (the given information is

Use the following information for this question (the given information is the same as in the previous question): Little Gonilla, Inc Year 2 lacome Statement 15 in million) Sales $9.625 Less: Cost of goods sold 3.225 Les Depreciation 1.890 Earnings Before interest and taxes 2.510 Less Interest paid 850 Taxable income 1,660 Loss Taxes 581 Net income $1.079 Dividends paid 400 Addition to retamed earnings 5679 Yoland Year 2 Bane Shest 15 million) Yea Year 2 Ya Yest Cash SI 455 $200 Accounts payable S1,150 $2,863 Accounts ree 2.460 3.973 Notes payable 2.600 1.628 Inventory 2108 SRS Total $3,750 54.491 Total 53 320 5,120 Long-term dete 7,000 7,600 Net fixed assets 19.300 21x720 Common stock 3.500 5.700 Retained earnings $320-9019 Total liabilities Total assets $24.520 $26.840 and Equity $24.620 526.540 Accounts rec: Accounts receivables What is the return on assets for Year 22 A) 7.896 B) 7.3% OC) 4.4% D) 4.096

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