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Industrial Medical Supply has net sales of$1,200,000, net income of$85,000, average current assets of$53,000, average fixed assets of$184,000, and average total assets of$237,000. Industrial MedicalSupply's
Industrial Medical Supply has net sales of$1,200,000, net income of$85,000, average current assets of$53,000, average fixed assets of$184,000, and average total assets of$237,000. Industrial MedicalSupply's return on assetsis:
A. 7.1%. B. 160.4%. C. 35.9%. D. 46.2%.
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