A company has net income of $180,000, net sales of $2, 800,000, and total assets of $1, 200,000. Its return on total assets equals: A) 233.33%. B) 6.43%. C) 15.00%. D) 42.86%. E) 7.93%. Parris Corporation purchased 40% of Samitz Corporation for $100,000 on January 1. On November 17 of the same year, Samitz Corporation declared total cash dividends of $12,000. At year-end, Samitz Corporation reported net income of $60,000. The balance in the Parris Corporation's Long-Term Investment in Samitz Corporation at December 31 should be: A) $ 80, 800. B) $100,000. C) $ 95, 200. D) $119, 200. E) $124,000