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20 Not complete Not grad QUESTION Return on Net Operating Assets Below are data from the financial statements of Crystal Company (in $millions) Income statement
20 Not complete Not grad QUESTION Return on Net Operating Assets Below are data from the financial statements of Crystal Company (in $millions) Income statement data for 2016: ed P Flag question Net income Net sales Operating expenses Cost of goods sold $ 390 1,530 440 520 Balance sheet data: Total equity, Dec. 31, 2015 Total equity, Dec. 31, 2016 Operating assets, Dec. 31, 2015 Operating assets, Dec. 31, 2016 Operating liabilities, Dec. 31, 2015 Operating liabilities, Dec. 31, 2016 $ 3,150 3,650 2,760 2,240 1,100 1,300 40% Tax Rate What is Crystal's return on net operating assets? Select one: O a, 26.396 O b. 43.8% . 13.7% O d. 22.8%
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