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Jester Corporation's most recent income statement appears below: Income Statement Sales (all on account) Cost of goods sold Gross margin Selling and administrative expense Net
Jester Corporation's most recent income statement appears below: Income Statement Sales (all on account) Cost of goods sold Gross margin Selling and administrative expense Net operating income Interest expense Net income before taxes Income taxes (308) Net income $ 240,000 110,000 130,000 38,000 92,000 20,000 72,000 21,600 $ 50,400 The beginning balance of total assets was $240,000 and the ending balance was $232,000. The return on total assets is closest to: Multiple Choice O 39.0% 21.4% Net Income $30,00 The beginning balance of total assets was $240,000 and the ending balance was $232,000. The return on total assets is closest to: Multiple Choice 39.0% 21.4% 27.3% 30.5%
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