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Please help me answer the following: Compute for the return on Asset: (below are the given details) please include complete solution As a follow up

Please help me answer the following:

Compute for the return on Asset: (below are the given details) please include complete solution

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As a follow up exercise, compute for the return on asset for the following: Accounts Receivable, beginning 10,000 Collections 2,000 Sales for current year ? Accounts Receivable, ending 13,000 Operating expenses is 5% of Sales and 10% of COGS Interest Expenses 1,000 Income Tax Rate 2% Total assets, beginning 2,000 Horizontal analysis of total assets shows 50% increase as of the current period

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