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Select financial information for Dorset s Inc. appears below: 2022 2023 Net sales $1,000,000 $1,200,000 Net income 100,000 130,000 Net assets 2,000,000 2,500,000 Interest expense
Select financial information for Dorset s Inc. appears below:
|
| 2022 | 2023 |
| Net sales | $1,000,000 | $1,200,000 |
| Net income | 100,000 | 130,000 |
| Net assets | 2,000,000 | 2,500,000 |
| Interest expense | 9,000 | 10,000 |
Required
What is the companys return on assets for 2020?
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