ireat Lakes kanutacturing Inc. conparative statenent ot Financial Position at Deccmber 31 in \{888)'s Addt tianal Information: - Operating expenses include depreciation expense of $3,500,000 - Accounts Payable rolated to the purchase of inventory - Equpment that cost 33,900,000 was soid at a gain of $1,000,000 - Nav equipmert was purchased during the year for $2,500,000 - Doddcads declarcd and paid in 204 totaked $1900,000 - Comman sharcs were sald for $2,000,000 cash - Interest payabla in 204 was $240,000 groater than intercst payabia in 203 Total return on assets at December 204 was: Multipla Choice Nat encugh data pravided to calculate it Additional Irformation: - Operating expenses indude depreciation axpense of 53,500,000 - Accounts Payable related to the purchase of inventory - Equipment that cost $3,900,000 was sold at a gein of $1,000,000 - New equipment was purchesed curing the year for $2,500,000 - Dividends declared and paid in 204 toteled $1,900,000 - Common shares were sald for $2,000,000 cesh - Interest payable in 204 was $240,000 greater thari interest payable in 203 Total retum on assets at December 204 was: Multiple Choice Not enough deta provided to calculate it Between 6% and tCe Equal or below 5% Between 1\%\% and 22% Equal above 23%