Carbondale Company manufactures, markets, and sells snowmobile and snowmobile equipment and accessories. The average total assets for Carbondale is $3,000,000. In its most recent year, Carbondale reported net income of $201,000 on revenues of $ 1,400,000.

Required 1 . What is Carbondale Company’s return on assets?

2 . Does return on assets seem satisfactory for Carbondale given that its competitors average a