Bryant,Inc Additional Information Calculate the Rate of Return on Total Assets for 2017

question 147

Multiple Choice

Bryant,Inc.provides the following data: $$\begin{array} { | l | r | r | } \hline & \underline { 2017 } & \underline { 2016 } \\\hline \text { Cash } & \$ 47,000 & \$ 25,000 \\\hline \text { Accounts Receivable, Net } & 100,000 & 62,000 \\\hline \text { Merchandise Inventory } & 75,000 & 50,000 \\\hline \text { Property, Plant, and Equipment, Net } & \underline { 182,000 } & \underline { 120,000 } \\\hline \text { Total Assets } & \$ 404,000 & \$ 257,000 \\\hline\end{array}$$ Additional information:
$$\begin{array} { | l | r | } \hline \text { Net Credit Sales } & \$ 530,000 \\\hline \text { Cost of Goods Sold } & 170,000 \\\hline \text { Interest Expense } & \underline { 20,000 } \\\hline \text { Net Income } & \underline { 185,000 } \\\hline\end{array}$$ Calculate the rate of return on total assets for 2017.(Round your answer to two decimal places. )

• A)45.79%
• B)62.03%
• C)71.98%
• D)50.74%

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