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QuesLIONI 14 POITILS) The following statement of financial position and statement of comprehensive income should be used. Woodburn, Inc. 2018 Statement of comprehensive income ($

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QuesLIONI 14 POITILS) The following statement of financial position and statement of comprehensive income should be used. Woodburn, Inc. 2018 Statement of comprehensive income ($ in thousands) Net Sales $6,380 Less: Cost of Goods Sold 4,120 Less: Depreciation 360 Earnings Before Interest 1,900 land Taxes Less: Interest Paid 45 Taxable Income 1,855 Less: Taxes 650 Net Income 1,205 Woodburn, Inc. Statement of financial position Years ended 2017 and 2018 ($ in thousands) 2017 2018 2017 $230 $340 Accounts $850 payable 2018 1,020 Cash 2018 1,020 Cash Woodburn, Inc. Statement of financial position Years ended 2017 and 2018 ($ in thousands) 2017 2018 2017 $230 $340 Accounts $850 payable 910 950 Long-term 1,650 debt 1,490 1,460 Common 2,500 stock 2,630 $2,750 Retained 820 earnings 3,190 3,220 1,400 Accounts rec. Inventory 2,200 Total 1,350 Net fixed assets Total Jassets $5,820 $5,820 $5,970 $5,970 Total liabilities & equity What is Woodburn's return on assets for 2018

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