Quad Sales Has the Following Information for the Year 2015

question 111

Multiple Choice

Quad Sales has the following information for the year 2015:
$$\begin{array} { | l | r | } \hline \text { Total assets, January 1 } & \$ 102,000 \\\hline \text { Total assets, December 31 } & 108,000 \\\hline \text { Net income } & 2,100 \\\hline \text { Interest expense } & 0 \\\hline\end{array}$$
How much is the return on total assets? (Please round to two decimal places.)

• A) 0.10
• B) 0.02
• C) 0.09
• D) 0.12

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