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Little Deer Industries gathered the following year-end data (in thousands) for 2010 and 2009: 2010 2009 Current Assets $525 $465 Long-Term Assets 885 585 Current
Little Deer Industries gathered the following year-end data (in thousands) for 2010 and 2009:
2010 | 2009 | |
Current Assets | $525 | $465 |
Long-Term Assets | 885 | 585 |
Current Liabilities | 385 | 385 |
Long-Term Liabilities | 575 | 575 |
Owners' Equity | 575 | 265 |
Net Sales | 975 | 775 |
Gross Margin | 485 | 365 |
Net Income | 255 | 100 |
The return on assets for 2010 was:
A) 10.5%
B) 11.6%
C) 18.8%
D) 20.7%
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