9/8/21, 5:36 PM NWP Assessment Player Ul Application The following information pertains to Vaughn Manufacturing. Assume that all balance sheet amounts represent both average and ending balance gures. Assume that all sales were on credit. Assets Cash and short-term investments $ 53100 Accounts receivable (net) 34800 Inventory 25500 Property, plant and equipment 212000 Total Assets $325400 Liabilities and Stockholders' Equity Current liabilities $ 54800 Long-term liabilities 92400 Stockholders' equitycommon 178200 Total Liabilities and Stockholders' Equity $325400 income Statement Sales revenue $117000 Cost of goods sold 70000 Gross prot ' 47000 Operating expenses m Net income $20100 Number of shares of common stock 13600 Market price of common stock $ 25 Dividends per share on common stock 0.8 Cash provided by operations $49000 What is the return on assets for this Company? ' - . 1/2