Based on the Selected Financial Information Shown Below, Calculate the Return

question 70

Essay

Based on the selected financial information shown below, calculate the return on assets for year 2. Round to two decimal places.
Year 1 Year 2
Total assets $1,200,000 $1,300,000
Total shareholders' equity $760,000 $800,000
Sales $5,000,000 $5,500,000
Net Income $200,000 $225,000

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Definitions:

Hassles

Minor irritations or annoyances that, taken cumulatively, can have a significant impact on an individual's stress level and overall psychological health.

Lazarus

Often associated with psychologist Richard Lazarus, known for his theory on emotion and stress appraisal.

Frustration

A psychological state resulting from obstacles blocking individual goals or desires.

Environmental Demand

The pressures or requirements placed on individuals by environmental conditions or social situations.