The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment Total Assets Current liabilities Long-term liabilities Common stock Retained earnings Liabilities and Stockholders' Equity Total liabilities and stockholders' equity Sales Income Statement Cost of goods sold Gross margin Operating expenses Interest expense Net income $40,474 26,563 32,167 282,419 $381,623 $60,678 98,417 155,498 67,030 $381,623 $87,133 34,853 $52,280 (23,730) (4,357) $24,193 Number of shares of common stock outstanding 6,703 Market price of common stock $34 Total dividends paid $9,000 Cash provided by operations $30,000 What is the return on total assets for Diane Company? O a. 3.3% O b. 1.1% O c. 9.4% O d. 7.5%

The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Niumhier if chares of common stock outstandina \\( \\quad 6.703 \\) What is the return on total assets for Diane Company? a. 3.396 b. \1.1 c. \9.4 d \75