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Calculator The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales

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Calculator The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment Total assets $30,000 20,000 15,000 185,000 $250,000 Liabilities and Stockholders' Equity $45,000 70,000 135,000 $250,000 Current liabilities Long-term liabilities Stockholders' equity-Common Total liabilities and stockholders' equity Income Statement $85,000 45,000 $40,000 (15,000) (5,000) Sales Cost of goods sold Gross margin Operating expenses 1:51 PM takeAssighmentSe LatcrCI $85,000 45,000 $40,000 (15,000) (5,000) $20,000 Sales Cost of goods sold Gross margin Operating expenses Interest expense Net income 6,000 $20 $9,000 $30,000 Number of shares of common stock outstanding Market price of common stock Total dividends paid Cash provided by operations What is the return on total assets for Diane Company? a. 0.10% b. 10.0% C. 1.0% d. 8.0%

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