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Question 40 of 40 2.5 Points Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets for Year

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Question 40 of 40 2.5 Points Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets for Year 2 Year 2 Year Net sales $478,500 $426,250 Cost of goods sold 276,300 250,120 Interest expense 10,700 9,700 Net income before tax 67,250 52,680 Net income after tax 46,050 39,900 288,000 167,300 Total assets 317,100 Total liabilities 181,400 Total equity 135,700 120,700 A. 2.6%. OB. 22.2 %. OC. 15.2 %. D. 9.6%. )E. 14.5%. Reset Selection

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