The following information pertains to Majestic Compy: Assets 40,000 Cash and short-term investments Accounts receivable (net) Inventory 25,000 20,000 210,000 Property, plant and equipment Total Assets 295.000 Liabilities and Stockholders' Equity Current liabilities 60,000 Long-term liabilities 85,000 Stockholders' equity-common 150,000 Total Liabilities and Stockholders' Equity 295.000 Income Statement Sales revenue, 100% credit 85,000 Cost of goods sold 45,000 Gross margin 40,000 20,000 Operating expenses Net income 20.000 6,000 Number of shares of common stock Market price of common stock P 20 0.90 Dividends per share on common stock Cash provided by operations 30,000 Instructions: Type the numerical answer 1, 2, 3. or 4 in the box after the question. A. What is the return on assets for this company? Blank 1 1) 26.7% 2) 11.7% 3) 10.0% 4) 6.8% B. What is the debt to assets ratio for this company? If the industry average is 40%, interpret the result compared to industry average. Blank 2 1) 40.48%; better 2) 40.48%; worse 3) 49.15%; worse 4) 49.15%; better