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Selected current year company information follows: Net income $ 16,153 Net sales 714,855 Total liabilities, beginning-year 85,932 Total liabilities, end-of-year 105,201 Total stockholders' equity, beginning-year

Selected current year company information follows:

Net income $ 16,153
Net sales 714,855
Total liabilities, beginning-year 85,932
Total liabilities, end-of-year 105,201
Total stockholders' equity, beginning-year 200,935
Total stockholders' equity, end-of-year 124,851

The return on total assets is: (Do not round intermediate calculations.)

Multiple Choice

  • 2.77%.

  • 3.11%.

  • 2.26%.

  • 6.25%.

  • 2.49%.

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