#3 Prior Year Current Year Category ?? Accounts payable ??? 397,400 Accounts receivable 320,715 Accruals 40,500 33,750 500,000 Additional paid in capital 541,650 Cash 17,500 47,500 105,000 Common Stock 94,000 COGS 328,500 429,496.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,700.00 41,613.00 Interest expense 40,500 Inventories 279,000 288,000 338,316.00 401,311.00 Long-term debt 946,535 Net fixed assets 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,237.00 342,000 Retained earnings 306,000 Sales 639,000 845,400.00 47,818.00 Taxes 24,750 What is the current year's return on assets (ROA)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924) Points: 1/5 Grade: 20 % Progress: 20 % Hide