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Assets in KD) Cash 205726 Accounts receivable 100000 Inventory 210000 Property, Equipment, Plants 1500000 Less: Amortization 50000 Liabilities in KD) Accounts payable Accrued expenses Notes
Assets in KD) Cash 205726 Accounts receivable 100000 Inventory 210000 Property, Equipment, Plants 1500000 Less: Amortization 50000 Liabilities in KD) Accounts payable Accrued expenses Notes payables Long-term borrowings Total liabilities Total equity 80000 100000 180000 400000 Total assets Total Liabilities and Total Equity Income statement Sales 900000 COGS 400000 Gross profit Operating expenses 200000 EBIT Interest expenses 50000 EBT Taxes 20000 Net Income Consider the above balance sheet and income statement. Calculate the return on assets of this company. In the reasons box, explain your answer in a sentence. Note: Use three decimal points in your answer (0.023, 0.058, ...) Answer: Give your reasons
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