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Consider the following answered out of 1.00 question Year 3 Year 2Year 1 $90,000 598,000 348,000 $30,000 $40,000 $5,000 Total stockholders' equity |$60,000 |$58,000 |$53,000

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Consider the following answered out of 1.00 question Year 3 Year 2Year 1 $90,000 598,000 348,000 $30,000 $40,000 $5,000 Total stockholders' equity |$60,000 |$58,000 |$53,000 $96,000 $80,000 $40,000 Operating income $32,000 $25,000 $10,000 otal assets Total liabilities Net sales Use the information above. Calculate the return on assets (ROA) for Year 3, to the nearest tenth Select one a. 35.6% b. 10.2% C. 32.7% d. 34.0%

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