Selected Current Year Company Information Follows The Return on Total Assets Is:
A) 2

question 53

Multiple Choice

Selected current year company information follows: $\begin{array}{lr}\text { Net income}&\$15,953\\\text {Net sales }&712,855\\\text { Total liabilities, beginning-year}&83,932\\\text {Total liabilities, end-of-year }&103,201\\\text {Total stockholders' equity, beginning-year }&198,935\\\text {Total stockholders' equity, end-of-year }&121,851\\\end{array}$
The return on total assets is:

• A) 2.24%
• B) 2.81%
• C) 3.64%
• D) 4.67%
• E) 6.28%

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