Use the Following Information for Questions -The Return on Assets Is Closest To:
A)2

question 2

Multiple Choice

Use the following information for questions: $$\begin{array} { l r l r } \text { Revenues } & \$ 50,000 & \text { Beginning liabilities } & \$ 245,000 \\\text { Cost of goods sold } & 35,000 & \text { Ending assets } & 450,000 \\\text { Operating expenses } & 5,500 & \text { Ending liabilities } & 255,000 \\\text { Beginning assets } & 350,000 & &\end{array}$$
-The return on assets is closest to:

• A)2.1%
• B)2.4%
• C)3.75%
• D)11.13%

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