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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 | $478,500 | $426,250 |
Cost of goods sold | 276,300 | 250,120 |
Interest expense | 9,700 | 10,700 |
Profit before tax | 67,250 | 52,680 |
Net profit | 46,050 | 39,900 |
Total assets | 317,100 | 288.000 |
Total liabilities | 181,400 | 167,300 |
Total equity | 135,700 | 120,700 |
A.9.6%.
B.22.2%.
C.15.2%.
D.14.5%.
E.2.6%.
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