Question: Using the following data for Stevenson Industries, compute the return on assets ratio. Net income $100,000 Total Assets 12/31/10 2,410,000 Total assets 12/31/09 1,980,000 Net

Using the following data for Stevenson Industries, compute the return on assets ratio. Net income $100,000 Total Assets 12/31/10 2,410,000 Total assets 12/31/09 1,980,000 Net Sales 250,000 a. 11.4% b. 10.4% c. 4.1% d. 4.6%

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