Question 12 of 12 View Policies Your answer has been saved. See score details after the due date. The following information pertains to Bonita Company. Assume that all balance sheet amounts represent both averag balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $41000 Accounts receivable (net) 32000 Inventory 21000 Property, plant and equipment 206000 Total Assets $300000 Liabilities and Stockholders' Equity Current liabilities $57000 Long-term liabilities 92000 Stockholders' equity-common 151000 Total Liabilities and Stockholders' $300000 Equity Income Statement Sales revenue 118000 Cost of goods sold 70000 tv Question 12 of 12 Income Statement Sales revenue 118000 Cost of goods sold 70000 Gross margin 48000 Operating expenses 33300 Net income $14700 Number of shares of common stock 5700 Market price of common stock $20 Dividends per share on common $0.60 stock Cash provided by operations $40000 What is the return on assets for this company? 4.9% 14.5% 11.3% 9.7%