The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

Assets
Cash and short-term investments	$42,067
Accounts receivable (net)	29,437
Inventory	29,297
Property, plant and equipment	208,770
Total Assets	$309,571
Liabilities and Stockholders' Equity
Current liabilities	$69,705
Long-term liabilities	90,218
Stockholders' equity-common	149,648
Total liabilities and stockholders' equity	$309,571
Income Statement
Net Sales	$81,173
Cost of goods sold	32,469
Gross margin	48,704
Operating expenses	22,679
Net income from operations	$26,025
Interest expense	4,059
Net income	$21,966
Number of shares of common stock	6,123
Market price of common stock	$28

What is the rate earned on total assets for this company?

Select the correct answer.

7.8%

8.4%

2.8%

1.1%

Assume the following sales data for a company:

	2015	$754,818
	2014	$526,718

What is the percentage increase in sales from 2014 to 2015?

Select the correct answer.

43.31%

69.78%

30.22%

143.31%