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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. Net sales Cost of goods

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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. Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity Year 2 Year 1 $486,500 $427,850 277,900 251,720 11,300 12,300 68,850 54,280 47,650 41,500 320,300 297,600 173,400 168,900 146,900 128,700 Multiple Choice 22.3% 15.4% 28% 14.9

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