BALANCE SHEET Cash $1,000.0 $1,000.0 2,000.0 Accts. Receivable Inventories Total current assets 3,000.0 1,000.0 $5,000.0 500.0 $3,500.0 5,000.0 Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock (5,000 shares) Retained earnings Total common equity Total liabilities & equity $8,500.0 500.0 11,000.0 15,000.0 $11,500.0 Net plant & equip. Total assets $20,000.0 $20,000.0 INCOME STATEMENT Net sales Operating costs (Cost of Goods Sold) $ 10,000.0 6,000.0 EBIT $ 4,000.0 600.0 $ 3,400.0 Less: Interest EBT Less: Taxes Net income 1,000.0 $ 2,400.0 Calculate the following financial ratio for this company: Return on Assets 80.0% B. 66.7% C.50.0% D. 17.0% E. 58.8% 20.0%