Peartree Ltd Provides the Following Data Additional Information Calculate the Return on Total Assets for the Year 2017

question 68

Multiple Choice

Peartree Ltd provides the following data: $$\begin{array} { | l | l | r | } \hline & \underline { 2017 } & \underline { 2016 } \\\hline \text { Cash } & \$ 45,000 & \$ 25000 \\\hline \text { Accounts receivable, net } & 98,000 & 62000 \\\hline \text { Inventory } & 77,000 & 50000 \\\hline \text { Property, plant, and equipment, net } & 180,000 & \underline { 120000 } \\\hline \text { Total assets } & \$ 400,000 & \$ 257000 \\\hline\end{array}$$ Additional information:
$$\begin{array} { | l | l | } \hline \text { Net sales } & \$ 530,000 \\\hline \text { Cost of sales } & 180,000 \\\hline \text { Interest expense } & 21,000 \\\hline \text { Net profit } & 183,000 \\\hline\end{array}$$ Calculate the return on total assets for the year 2017.

• A)62.1%
• B)51%
• C)71.21%
• D)45.75%

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Definitions:

Amino Acids

Organic molecules that form the basis of proteins, featuring both amino and carboxylic acid functional groups.

Bacillus Thuringiensis

A naturally occurring bacterium commonly used as a biological pesticide due to its ability to produce proteins that are toxic to many insect larvae.

Bt-Corn

Genetically modified corn that has been engineered to produce a bacterium toxin (Bacillus thuringiensis) to kill insect pests.

Physical State

The classification of matter as a solid, liquid, gas, or plasma based on intermolecular forces and energy.