The following information is from Wonder Company's financial statements:

Current liabilities	$	30,000
Long term liabilities	$	70,000
Shareholders equity	$	100,000
Sales	$	120,000
Cost of goods sold	$	50,000
Operating expenses	$	30,000
Net income	$	40,000

Return on assets (rounded to the zero decimal places) would be:

Multiple Choice

• 20%

• 44%

• Cannot be answered with the information provided

• 40%

• 33%