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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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