Use the following information to answer the question in this quiz

2011 and 2012 balance sheets

2011 2012 2011 2012

Cash 17000 16500 

Accounts payable 128600 134700

Account receivable 54100 56700

Long term debt 147500 135500

Inventory 189400 186700 

Common stock 125000 140000

subtotal 260500 259900

Retained earnings 120700 131800

Net fixed assets 261300 282100

Total 521800 542000 Total 521800 542000

The par value of the common stock is $1 per share.

2012 income statement

Net sales 614100

less : cost of goods sold 521400

less : Depreciation 11200

earnings before interest and taxes 81500

less: interest paid 10100

taxable income 71400

less: Taxes 28900

net income 42500

1) What is the return on Assets for 2012?

a) 2.45%

b) 45.34%

c) 4.57%

d) 7.84%

Answer rating: 100% (QA)

Return on assets Net income Average T... View the full answer