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The following amounts were taken from the financial statements of Ando Company: Total assets Net sales Gross profit Net income Weighted average number of common

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The following amounts were taken from the financial statements of Ando Company: Total assets Net sales Gross profit Net income Weighted average number of common shares outstanding Market price of common stock 2017 $800,000 720,000 352.000 108,000 90,000 $42 2016 $1,000,000 650,000 320,000 117.000 90,000 $39 The return on assets for 2017 is 1) 14% 2) 12% 3) 11%. 4) 6%

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