The following information pertains to Soho Company. Assume that all statement of financial position amounts represent both average and ending balance figures. Assume that all sales were on credit. 
What is the return on assets for Soho?
Definitions:
State Unemployment Taxes
Taxes paid by employers to the state to fund unemployment insurance programs for workers who have lost their jobs.
Federal Unemployment Taxes
Taxes imposed by the federal government on employers to fund unemployment benefits for workers who have lost their jobs.
Gross Earnings
The total income earned by a company before deductions such as taxes and expenses.
Overtime Pay
Additional compensation paid to employees who work beyond the standard hours set by the company's policy or by law.
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