Machinery and equipment, net Land Question 8 (5 points) Fulton Company began operations in 1972. The following information was taken from the December 31, 2019 and 2020 financial statements of Fulton Company Cash Accounts receivable, net Short term investments Inventory 2019 2020 6,000 12,000 50,000 60,000 12,000 17,000 40,000 48,000 110,000 125,000 75,000 75,000 Accounts payable 57,000 51,000 Salaries payable 8,000 19,000 Bonds payable, due in 2024 105,000 105,000 Net sales Cost of goods sold 405,000 429,000 301,000 325,000 Net income Total assets Total shareholders' equity 32,500 30,000 520,000 532,000 262,000 282,000 Assuming that the industry average return on assets is 6.5%, calculate Fulton's return on assets equity for 2020 (use two decimal places), and comment on how Fulton's result differs from its industry.