Hem Time hours, 10 minucen 47 seconds Question completion Sratus Questions 4 points Save Answer Use the Farrer Corporation data sel below to answer this question. What is reported as income from operations for 2020 if a multistep income statement is prepared? Column2 Column Data set for Farrett Corporation for the year ended 12/31/2020: Cost of goods sold Interest expense interest revenue Loss on sale of investment securities Salles Sales discounts Sules returns and Allowances Seming, general and administrative expenses 2,000,000 90.000 120.000 80,000 3,000,000 50,000 75,000 800,000 O A $75,000 O $200,000 OC $230,000 OD. $150,000 Mathematics.SRAES 25 26 & 7 W o O 7 5 P P K L 3 C B N Remaining Time: 2 hours, 10 minutes, 12 seconds Question completion Status using the FactSet balance sheet data ser below, what is the company's return on assets for 2016 it reported net income is $65.130 (thousands)? 2016 2015 31 Dec in thousands) ASSETS Current assets: Cash and cash equivalents $100.000 $ 35.000 145.000 135.000 Showimestments Accounts receivable (ed) 100 000 45,000 Inventories 26,000 82,000 Other 4.000 75,000 Total current assets 375.000 432.000 Property and equipment (net) 105,000 102,000 Equity and other investments 31,500 40.000 Total assets $$ $511,500 $ 574,000 LIABILITIES AND STOCKHOLDERS' EQUITY Current abilities Accounts payable $ 60,000 $ 60,000 Short-term debt Other 6,000 51,000 Total current abildes 25,000 25,000 91,000 136,000 Long term debt Total abilities 300,000 310,000 391,000 I 446,000 Stockholders' equity Common stock and peld in-capital Retained earnings Treasury stock Total stockholders' equily Total abilities and stockholders' equily 50,000 50,000 75,000 78,000 (4 500) 120,500 128,000 $511,500 $ 574,000 go PS 28 -- e F ra 2 $ 4 F10 3 % 5 M A 6 6 & 7 * 8 2 ( 9 W E o R T Y U S S o P { D F G H J X L V : B