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Peda Inc. reports the following information: 2019 2018 Net sales $5,000 $4,200 Net income $120 $140 Gross profit $820 $690 Operating expenses $400 $300 Total

  • Peda Inc. reports the following information:

    2019 2018
    Net sales $5,000 $4,200
    Net income $120 $140
    Gross profit $820 $690
    Operating expenses $400 $300
    Total assets $3,890 $3,670

    What is the return on total assets ratio in 2019?

  • 12%

  • 11%

  • 10%

  • 13%

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