QUESTION 20 BALANCE SHEET Cash $ 1,000.0 $ 1,000.0 Accounts payable Notes payable Accts. Receivable 3,000.0 2,000.0 Inventories 1,000.0 Accruals 500.0 Total current assets $5,000.0 Total current liabilities $3,500.0 Long-term bonds 5,000.0 Total debt $8,500.0 Common stock (5,000 shares) 500.0 Retained earnings 11,000.0 Net plant & equip. 15,000.0 Total common equity $11,500.0 Total assets $20,000.0 Total liabilities & equity $20,000.0 INCOME STATEMENT Net sales $ 10,000.0 6,000.0 Operating costs (Cost of Goods Sold) EBIT $ 4,000.0 Less: Interest 600.0 EBT $ 3.400.0 Less: Taxes 1,000.0 Net income $ 2.400.0 Calculate the following financial ratio for this company: Return on Assets A. 17.0% B. 20.0% OC.66.7% D. 80.0% E. 58.8% F. 50.0%