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The following information pertains to Oriole 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 Oriole 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 Accounts receivable (net) Inventory Property, plant and equipment Total Assets $ 40000 24000 19000 211000 $294000 Liabilities and Stockholders' Equity Current liabilities $ 62000 Long-term liabilities 86000 Stockholders' equity-common 146000 Total Liabilities and Stockholders' Equity $294000 Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Net income $85600 44100 41500 24448 $ 17052 6600 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations $20 0.90 $30200 What is the return on assets for this company? What is the return on assets for this company? 5.8% 10.0% O 11.7% 25.7%

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