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The following amounts were taken from the financial statements of Marigold Corp.: 2017 2016 Total assets $805000 $1023000 Net sales 736000 663000 Gross profit 353000
The following amounts were taken from the financial statements of Marigold Corp.:
| 2017 | 2016 | |
| Total assets | $805000 | $1023000 |
| Net sales | 736000 | 663000 |
| Gross profit | 353000 | 346000 |
| Net income | 115000 | 129000 |
| Weighted average number of | 93100 | 90000 |
| common shares outstanding | ||
| Market price of common stock | $40 | $37 |
The return on assets for 2017 is
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