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At January 1, 2016, Egret Company had total assets of $1,800,000 and at December 31, 2016, its total assets were $2,200,000. Egrets net sales for
At January 1, 2016, Egret Company had total assets of $1,800,000 and at December 31, 2016, its total assets were $2,200,000. Egrets net sales for 2016 were $1,700,000 and its 2016 net income was $110,000. Egrets return on assets for 2016 is:
| A. | 6.5% | |
| B. | 85.0% | |
| C. | 5.0% | |
| D. | 5.5% |
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