Assets Liabilities and Equity

Cash $11,000$ Accounts payable $16,000$

Marketable securities $2,000$ Notes payable $6,000$

Accounts receivable $4,000$ Current liabilities $22,000$

Inventory $43,000$ Long$-$term debt $95,000$

Current assets $60,000$ Total liabilities $117,000$

Machines $34,000$ Paid$-$in capital $20,000$

Real estate $80,000$ Retained earnings $37,000$

Fixed assets $114,000$ Equity $57,000$

Total assets $174,000$ Total liab. & equity $174,000$

Line item Value

Sales $81,000$

$-$ Operating expenses $66,420$

$-$ Depreciation $2,000$

$=$ EBIT $12,580$

$-$ Interest $800$

$=$ Taxable income $11,780$

$-$ Taxes $3,887$

$=$ Net income $7,893$ What is the return on assets $($aka return on total assets$)?$

What is the return on equity $($aka return on common equity$)?$