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Ridgetop Corporation reported the following amounts on its Balance Sheet as of December 31, 2019. Total Current Assets $1,800,000.00, Total Long- Term Assets $900,000.00, Total
Ridgetop Corporation reported the following amounts on its Balance Sheet
as of December 31, 2019. Total Current Assets $1,800,000.00, Total Long-
Term Assets $900,000.00, Total Current Liabilities $1,300,000.00, Total
Long-Term Liabilities $500,000.00, Total Stockholders' Equity $900,000.00,
Net Income $100,000.00. On January 1,2019, Total Assets were
2,000,000.00, Total Liabilities were $1,200,000.00, and Total Stockholder's
Equity was $800,00.00. Calculate Ridgetop's Return on Assets.
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