$230,000 257,500 565,000 60,000 695,000 200,000 75,000 Accounts receivable Inventory Total current assets Intangible assets Total assets Current liabilities Long-term liabilities Sales Cost of goods sold Interest expense Income tax expense Net income Cash flow from operations Cash flow from investing activities Cash flow from financing activities Tax rate $ 267,500 312,500 670,000 50,000 825,000 252,500 77,500 1,640,000 982,500 10,000 77,500 127,500 71,000 (6,000) (62,500) 30% The profit margin used to calculate return on assets for 20X2 is (rounded): Multiple Choice 7.9% 8.2% 8.5% 16.3%