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Refer to the following selected financial information from Hansen's, LLC. Compute the company's return on total assets for Year 2. Year 2 Year 1 Net

Refer to the following selected financial information from Hansen's, LLC. Compute the company's return on total assets for Year 2.

Year 2 Year 1
Net sales $ 483,000 $ 427,150
Cost of goods sold 277,200 251,020
Interest expense 10,600 11,600
Net income before tax 68,150 53,580
Net income after tax 46,950 40,800
Total assets 318,900 293,400
Total liabilities 176,900 168,200
Total equity 142,000 125,200

15.3%.

2.7%.

22.3%.

14.7%.

9.7%.

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