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

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The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Use this information to answer the question that follow. Assets $37,572 31,716 Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment 32,001 236,003 Total assets $337,292 $62,093 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-Common 99,950 175,249 $337,292 Total liabilities and stockholders' equity Income Statement Net Sales $96,089 (38,436) Cost of goods sold Gross margin 57,653 (29,395) Operating expenses Interest expense (4,804) $23,454 Net income Number of shares of common stock outstanding 5,023 Market price of common stock $29 Total dividends paid $9,000 Cash provided by operations $37,572 Using the data provided for Diane Company, what is the return on total assets? Oa. 8.4% Ob. 8.1% Oc. 10.7% d. 8.9%

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