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Income statement for 2018 $95,000 *** 45.000 Sales........... Cost of goods sold. Gross profit... Operating expenses..... Income before income tax... 50,000 15,000 35,000 5,000 $30.000

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Income statement for 2018 $95,000 *** 45.000 Sales........... Cost of goods sold. Gross profit... Operating expenses..... Income before income tax... 50,000 15,000 35,000 5,000 $30.000 Income tax expense..... Net income...... Share data for 2018 Weighted average number of common shares 6,000 Market price per common share.. $40 Dividends per share.... $0.90 What is the return on assets for 2018? Select one: a. 27.1% b. 10.0% C. 8.6% d. 9.296 Income statement for 2018 $95,000 *** 45.000 Sales........... Cost of goods sold. Gross profit... Operating expenses..... Income before income tax... 50,000 15,000 35,000 5,000 $30.000 Income tax expense..... Net income...... Share data for 2018 Weighted average number of common shares 6,000 Market price per common share.. $40 Dividends per share.... $0.90 What is the return on assets for 2018? Select one: a. 27.1% b. 10.0% C. 8.6% d. 9.296

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