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Saunders, Inc., recently reported the following December 31 amounts in its financial statements (dollars in thousands): Current Year $ 260 Prior Year $ 210 140

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Saunders, Inc., recently reported the following December 31 amounts in its financial statements (dollars in thousands): Current Year $ 260 Prior Year $ 210 140 Gross profit Net income Total asset Total Shareholders' equity 10 1.180 1,080 940 1a. Compute return on assets for the current year. (Enter your answer as a percentage rounded to 1 decimal place (.e., 0.123 should be entered as 12.3).) Ramon assets rence 1.b. What does this ratio measure? Ratio measure

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