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. Use this information to answer the question that follow. Assets Cash and short-term investments $42,520 Accounts receivable (net) 34,099 Merchandise inventory 35,587 Property, plant, and equipment 275,110 Total assets $387,316 Liabilities and Stockholders' Equity Current liabilities $65,274 Long-term liabilities 92,799 Stockholders' equity-common Total liabilities and stockholders' equity 229,243 $387,316 Income Statement Sales $82,079 (32,832) Cost of merchandise sold Gross profit Operating expenses $49,247 (24,063) (4,104) Interest expense Net income $21,080 Number of shares of common stock outstanding 6,921 Market price per share of common stock $26 Total dividends paid $9,600 Net cash flows from operating activities $42,520 Using the data provided for Diane Company, what is the return on total assets (round your answer to one decimal place)? Oa. 7.1% O, 6.5% Oc. 6.1% Od. 8.4% Previous Next