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Following is some selected financial information of Rivaz Corporation: 2015 Net income $ 3,000 Dividends $ 1,000 Total Assets - 12/31/2015 $ 35,000 Total Liabilities
Following is some selected financial information of Rivaz Corporation:
2015 | |
Net income | $ 3,000 |
Dividends | $ 1,000 |
Total Assets - 12/31/2015 | $ 35,000 |
Total Liabilities - 12/31/2015 | $ 21,225 |
Number of shares outstanding | 1,000 |
Cost of Equity | 12% |
Assuming total assets grew by $5,000 from 2014 to 2015, what is the return on assets of Rivaz Corporation for 2015?
Group of answer choices
9.23%
10.00%
8.57%
6.15%
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