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4 XC Dachshund Corporation Balance Sheets - 2018 $ Cash Accounts receivable Inventory Equipment (net) Accounts payable Dividends payable Long-term note payable Capital stock. $5 par Retained earnings Dec. 31 S 15,600 46,800 32,500 57,200 $1152.100 26.000 7.800 14.300 72.800 31.200 S/152.100 Jan. 1 15,600 37,700 36,400 66,300 156,000 28,600 3.900 14.300 72.800 36.400 156.000 SI S Dachshund Corporation Income Statement For the year ended 2018 Sales Cost of goods sold Gross profit on sales Operating expenses Operating income Interest expense and income taxes Net income S 228.800 (137,540 ) 91.260 (75,868 15,392 (9.100) 6.292 S 152.100 $ 156,000 S Dachshund Corporation Income Statement For the year ended 2018 Sales Cost of goods sold Gross profit on sales Operating expenses Operating income Interest expense and income taxes Net income S 228,800 (137,540) 91.260 (75,868) 15,392 (9.100 6.292 S Link: Excel Dachshund Corporation's return on assets for 2018 rounded to the nearest tenth of a percent is: 10.0% 4.196 5.9% 16.9%