2017 292 1,094 622 2,008 7,342 9,350 Consolidated SW Inc. Financials Income Statement Balance Sheet 2016 2017 Assets 2016 Net sales 24,650 29,014 Cash and securities 255 Cost of good sold 19,227 21,047 Accounts receivable 1,105 Depreciation 2,219 2,612 Inventories 595 EBIT 3,204 5,355 Total current assets 1,955 Interest expense 82 86 Net fixed assets 6,545 Tax (25%) 781 1,318 Total assets 8,500 Net Income 2,341 3,951 Liabilities and Owners' Equity Accounts payable 680 Short-term notes 170 Total current liabilities 850 Long-term debt 680 Common stock 1,742 Retained earnings 5,228 Total liabilities and owners' equity 8,500 696 169 865 713 2,351 5,421 9,350 Financial statements for SW Inc. are presented above. Calculate the most recent ROA and, if the industry average is 0.35, how does it compare with their overall competition? a. 0.49 suggesting SW Inc is less profitable with their assets than the industry b. 0.42 suggesting SW Inc is less profitable with their assets than the industry C. 0.56 suggesting SW Inc is more profitable with their assets than the industry d. 0.49 suggesting SW Inc is more profitable with their assets than the industry e. 0.42 suggesting SW Inc is more profitable with their assets than the industry