Using the Following Data for Stevenson Industries Compute the Return

question 35

Multiple Choice

Using the following data for Stevenson Industries compute the return on assets. $\begin{array}{lr}\text { Net Income } & \$ 180,000 \\\text { Total Assets } 12 / 31 / 22 & 2,410,000 \\\text { Total Assets } 12 / 31 / 21 & 1,980,000 \\\text { Net Sales } & 250,000\end{array}$

• A)7.5%
• B)10.4%
• C)8.2%
• D)11.4%

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