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Refer to the following selected financial information from Gomez Electronics. Compute the company's return on total assets for Year 2. begin{tabular}{lrr} & Year 2 &

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Refer to the following selected financial information from Gomez Electronics. Compute the company's return on total assets for Year 2. \begin{tabular}{lrr} & Year 2 & \multicolumn{1}{c}{ Year 1 } \\ Net sales & $481,000 & $426,750 \\ Cost of goods sold & 276,800 & 250,620 \\ Interest expense & 10,200 & 11,200 \\ Net income before tax & 67,750 & 53,180 \\ Net incone after tax & 46,550 & 40,400 \\ Total assets & 318,100 & 291,000 \\ Total liabilities & 178,900 & 167,800 \\ Total equity & 139,200 & 123,200 \end{tabular} 153% 146% 9.7 2225 27

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