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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Definitions:

Lymphoblasts

Immature cells that develop into lymphocytes, which are a type of white blood cell in the immune system.

Fibrin

Elastic filamentous protein derived from fibrinogen by the action of thrombin, which releases peptides from fibrinogen in coagulation of the blood.

Fibrinogen

A plasma protein produced by the liver, crucial for blood clotting as it is converted into fibrin in the clotting process.

Plasma Component

The liquid part of blood that carries cells and proteins throughout the body, consisting mainly of water, electrolytes, and proteins.