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Account Net sales (all credit) Cost of goods sold Gross profit Income from operations Interest expense Net income Cash Accounts receivable, net Inventory Prepaid expenses

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Account Net sales (all credit) Cost of goods sold Gross profit Income from operations Interest expense Net income Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Total long-term assets Total current liabilities Total long-term liabilities Common stock, 2,500 shares, market value $96 per share Retained earnings Current year Prior year $237,250 $180,000 $115,000 $110,000 $122,250 $70,000 $32,000 $30,000 $2,000 $7,000 $24,000 $18,000 $22,000 $14,000 $25,000 $31,000 $56,000 $44,000 $2,000 $1,000 $105,000 $90,000 $150,000 $175,000 $60,000 $90,000 $22,000 $78,000 $40 $133,000 $40,000 $57,000 4. What is the rate of return on total assets for the current year? A. B. C. 0.10 0.13 0.14 0.78 D

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