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 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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