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Missoula Inc. reported the following selected financial statement data: Cash Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost
Missoula Inc. reported the following selected financial statement data: Cash Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost of goods sold Net income Dec 31, 2020 $ 48,000 66,000 86,290 228,888 459,90 163,00 296,000 358,888 238,000 32, eee Dec 31, 2021 $ 59,00 88, see 90,000 254,000 431, see 163, eee 268, mee 436,000 316,000 33,440 Required: Compute the return on assets for 2021. (Round your answer to 2 decimal places.) Return on assets 96
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