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Saunders, Inc., recently reported the following December 31 amounts in its financial statements (dollars in thousands): Gross profit Net income Total assets Total shareholders' equity

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Saunders, Inc., recently reported the following December 31 amounts in its financial statements (dollars in thousands): Gross profit Net income Total assets Total shareholders' equity Current Year $ 330 90 1,200 820 Prior Year $ 280 45 1, 120 620 1-a. Compute return on assets for the current year. (Enter your answer as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).) Return on assets % 1-b. What does this ratio measure? Ratio measure

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