The Following Information Pertains to Cheng Company What Is the Return on Assets for Cheng?
A)

question 67

Multiple Choice

The following information pertains to Cheng Company.Assume that all statement of financial position amounts represent both average and ending balance figures.Assume that all sales were on credit.All amounts are in thousands except per share items. $\begin{array}{lr}\text { Sales } & ¥ 90,000 \\\text { Cost of goods sold } & 45,000 \\\text { Gross margin } & 45,000 \\\text { Operating expenses } & \quad 25,000 \\\quad \text { Net income } & ¥ 20,000\\\\\text { Number of ordinary shares } & 5,000 \\\text { Market price of ordinary shares } & \$ 22 \\\text { Dividends per share } & 1.00\end{array}$

What is the return on assets for Cheng?

• A) \( 4.8 \% \)
• B) \( 9.7 \% \)
• C) \( 6.5 \% \)
• D) \( 12.9 \% \)

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