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the answer should be a percentage Remaining Time: 2 hours, 10 min Question Completion Status: Using the FactSet balance sheet data set below, what is
the answer should be a percentage
Remaining Time: 2 hours, 10 min Question Completion Status: Using the FactSet balance sheet data set below, what is the company's return on assets for 2016 if reported net income is $65.130 (thousands)? 2016 2015 31-Dec in thousands) ASSETS Current assets: Cash and cash equivalents $100,000 $ 95,000 Short-term investments 145,000 135,000 Accounts receivable (net) 100,000 45,000 Inventories 26,000 82,000 Other 4,000 75,000 Total current assets 375,000 432,000 Property and equipment (net) Equity and other investments Total assets 105,000 102,000 31,500 40,000 $511,500 $ 574,000 I LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable Short-term debt Other Total current liabilities $ 60,000 $ 60,000 6,000 51,000 25,000 25,000 91,000 136,000 Long term debt Total liabilities 300,000 391,000 310,000 446,000 Stockholders' equity: Common stock and paid in-capital Retained earnings Treasury stock Total stockholders' equity Total liabilities and stockholders' equity 50,000 50,000 75,000 78,000 (4,500) 120,500 128,000 $511,500 $ 574,000Step by Step Solution
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