29. Using the American Science and Engineering financial statements at the end of this document, compute the return on assets ratio for 2015 (in percentage, rounded to the nearest 2 decimal places): a. 0.43% b. 4.27% c. 0.51% d. 5.07%

The question and figure is complete.

AMERICAN SCIENCE AND ENGINEERING, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME FOR THE YEARS ENDED MARCH 31, 2015, 2014 AND 2013 (Amounts in thousands except per share amounts) 2015 2014 2013 $ $ 75,982 50,768 126,750 $ 121,251 68,998 190,249 98,489 88,191 186,680 Net sales and contract revenues: Net product sales and contract revenues Net service revenues Total net sales and contract revenues Cost of sales and contracts: Cost of product sales and contracts Cost of service revenues Total cost of sales and contracts Gross profit 44,084 25,404 69,488 57,262 76,952 36,647 113,599 76,650 68,214 39,047 107,261 79,419 Operating expenses: Selling, general and administrative expenses Research and development expenses Total operating expenses Operating income 32,707 23,390 56,097 1,165 31,805 22,089 53,894 22,756 29,533 23,618 53,151 26,268 Other income (expense), net: Interest and investment income, net Interest expense Other, net Total other income (expense), net Income before provision for income taxes Provision for income taxes Net income 269 (18) (369) (118) 1,047 68 979 373 (53) (343) (23) 22,733 7,616 15,117 657 (65) (414) 178 26,446 8,992 17,454 $ $ $ AMERICAN SCIENCE AND ENGINEERING, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME FOR THE YEARS ENDED MARCH 31, 2015, 2014 AND 2013 (Amounts in thousands except per share amounts) 2015 2014 2013 $ $ 75,982 50,768 126,750 $ 121,251 68,998 190,249 98,489 88,191 186,680 Net sales and contract revenues: Net product sales and contract revenues Net service revenues Total net sales and contract revenues Cost of sales and contracts: Cost of product sales and contracts Cost of service revenues Total cost of sales and contracts Gross profit 44,084 25,404 69,488 57,262 76,952 36,647 113,599 76,650 68,214 39,047 107,261 79,419 Operating expenses: Selling, general and administrative expenses Research and development expenses Total operating expenses Operating income 32,707 23,390 56,097 1,165 31,805 22,089 53,894 22,756 29,533 23,618 53,151 26,268 Other income (expense), net: Interest and investment income, net Interest expense Other, net Total other income (expense), net Income before provision for income taxes Provision for income taxes Net income 269 (18) (369) (118) 1,047 68 979 373 (53) (343) (23) 22,733 7,616 15,117 657 (65) (414) 178 26,446 8,992 17,454 $ $ $