Calculate the Return on Assets for a Gun Shop That

question 32

Multiple Choice

Calculate the return on assets for a gun shop that has total assets of $410,000, current assets of $74,000, total liabilities of $280,000, accounts receivable of $12,000, net sales of $64,000, and operating profit margin of $30,000.

• A) 18.3 percent
• B) 8.2 percent
• C) 7.3 percent
• D) 25.0 percent
• E) 26.5 percent