Excerpts from Steelers Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable...
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Excerpts from Steelers Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales (all credit) Cost of goods sold Total assets Total stockholders' equity 2021 2020 $ 40,000 $ 36,000 28,000 35,000 190,000 186,000 114,000 108,000 425,000 405,000 240,000 225,000 32,500 28,000 Net income What is the company's 2021 what is the return on assets of the company? Please show the "return on assets formula first! Excerpts from Steelers Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales (all credit) Cost of goods sold Total assets Total stockholders' equity 2021 2020 $ 40,000 $ 36,000 28,000 35,000 190,000 186,000 114,000 108,000 425,000 405,000 240,000 225,000 32,500 28,000 Net income What is the company's 2021 what is the return on assets of the company? Please show the "return on assets formula first!
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