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5.Gomez Company reports the following amounts for 2019: Net income $ 120,000 Average total assets 1,500,000 The 2019 return on assets is: a. 5.6%. b.

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5.Gomez Company reports the following amounts for 2019: Net income $ 120,000 Average total assets 1,500,000 The 2019 return on assets is: a. 5.6%. b. 7.0%. C. 8.0%. d. 10.0%. 6. The debt ratio measures a. the company's profitability. b. whether interest can be paid on debt in the current year. C. the proportion of interest paid relative to dividends paid. d. total liabilities as a percent of total assets

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