*Multiple Choice Question 182 The following information pertains to Cheyenne Corp. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $ 51500 36300 32900 230000 $350700 $ 62300 92700 195700 $350700 Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Net income $109000 65500 43500 24300 $ 19200 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 11000 $22 6.1 $30000 What is the return on assets for this company? C 12.4% 9.8% 8.6% 5.5%