Zia manufactures, markets, and sells cellular telephones. The average total assets for Zia is \($250,000.\) In its most recent year, Zia reported net income of \($55,000\) on revenues of \($455,000\).

Required 1. What is Zia’s return on assets?

2. Does return on assets seem satisfactory for Zia given that its competitors average a 12% return on assets?

3. What are total expenses for Zia in its most recent year?

4. What is the average total amount of liabilities plus equity for Zia?