2-11. Gerry's Superette had sales of $5,000,000 in the most recent year. Operating expenses were $3,500,000. Interest and taxes totaled $500,000. Total liabilities were $200,000, and owners' equity was $800,000 Required Calculate the following: (a) The return on assets (b) The return on owners' equity Page 4 / 6 -a + 2-11. Gerry's Superette had sales of $5,000,000 in the most recent year. Operating expenses were $3,500,000. Interest and taxes totaled $500,000. Total liabilities were $200,000, and owners' equity was $800,000. Required Calculate the following (a) The return on assets (b) The return on owners' equity able desktop Page 4 / 6 a + o i F10 De F11 FIZ 75 F7 F4 7 od & 7 8 9 0 6 4 5 3 2 0 W E