Required information [The following information applies to the questions displayed below.) Wichita, Inc. reported the following amounts on its financial statements prepared as of the end of the current accounting period: Revenues Expenses Net Income $240,000 189,600 $ 50,400 Current Assets Long-tern Assets Total Assets $ 70,000 210,000 $280,000 Current Liabilities Long-tern Liabilities Total Liabilities $ 60,000 100,000 160,000 Common Stock Retained Earnings Total Equity $ 60,000 60.000 120,000 Total Liabilities and Equity $280,000 What is the company's return-on-assets ratio? Multiple Choice 43% 955 43 93 1B 32%