Refer to the Following Selected Financial Information from Shakley's Incorporated

question 84

Multiple Choice

Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets for Year 2. $$\begin{array} { | l | r | r | } \hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Net sales } & \$ 478,500 & \$ 426,250 \\\hline \text { Cost of goods sold } & 276,300 & 250,120 \\\hline \text { Interest expense } & 9,700 & 10,700 \\\hline \text { Net income before tax } & 67,250 & 52,680 \\\hline \text { Net income after tax } & 46,050 & 39,900 \\\hline \text { Total assets } & 317,100 & 288,000 \\\hline\text { Total liabilities } & 181,400 & 167,300 \\\hline \text { Total equity } & 135,700 & 120,700 \\\hline\end{array}$$

• A) 9.6%.
• B) 15.2%.
• C) 2.6%.
• D) 22.2%.
• E) 14.5%.

---

Definitions:

Homosexual

Pertaining to or characterized by a sexual attraction towards members of one's own sex.

Binary Classifications

A system that divides objects, concepts, or people into two distinct and mutually exclusive groups.

Gender Norms

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

First Grade

The initial grade of primary education in many educational systems, following kindergarten and before second grade, typically involving students aged six to seven.