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

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The following information pertains to Unique Company. Assume that all balanc sheet amounts represent both average and ending balance figures. Assume tha sales were on credit. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 25,000 Inventory 20,000 Property, plant and equipment 210,000 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' $295.000 Equity Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Net income Number of shares of common stock $ 85,000 45,000 40,000 20,000 $ 20,000 6.000 $20 0.90 Market price of common stock Dividends per share on common stock Cash provided by operations $30.000 What is the return on assets for this company? What is the return on assets for this company? a) 11.7% b) 6.8% od 10.0% d) 26.7%

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