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Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets for Year 2. Year2 Year 1 Net sales

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Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets for Year 2. Year2 Year 1 Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity $. 483,500 277,300 10,700 68,250 47,050 319,100 176,400 142,700 427,250 251,120 11,700 53,680 40,900 294,000 168,300 125,700 Multiple Choice 14.7%. 27%. 22.3%. 15.3%

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