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Given the balance sheet and income statement shown below, calculate Rebel Golf's 2017 Return on Assets (ROA). Enter your answer as a number with 4
Given the balance sheet and income statement shown below, calculate Rebel Golf's 2017 Return on Assets (ROA). Enter your answer as a number with 4 decimal places of precision (i.e. 0.1234 or 1.234) - ensure you include a leading number before the decimal point. Balance Sheet as of December 31 2017 Income Statement 2017 2016 2017 2016 Sales Revenue $ 75,680 Assets Liabilities and Shareholder Equity Operating costs Excluding D&A 59.920 Current Asset Current Liabilities EBITDA 15,760 Cash and Equivalents $ 2,783 $ 2612 Accruals $ 179 $ 80 Depreciation and Amortization 3,237 Accounts receivable 3,780 3.100 Accounts payable 2.190 1.975 Earnings before interest and taxes (EBIT) $12,523 Inventory 10.970 9.840 Notes payable 1,386 interest 2,964 Total Current Assets $ 17,533 $15.560 Total Current Liabilities $ 3,807 5 3.441 Earnings before taxes (EBT) 9,559 Taxes (389 Long-term Debt 13,140 12,510 Net Income $ 5,927 Total Liabilities 17.647 15.951 1.438 3,632 Long term Assets Net Fred Assets 81.323 29,650 Shareholder Equity Common stock Retained earings Total Shareholder Equity $ 25,000 $25.000 16,209 4,259 $ 41,209 5 29.259 Total Assets $ 58,056 45,210 Total Liabilities and Shareholder Equity $ 58.856 $ 45,210
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