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The following represents financial date for Co ABC. Assume that asset and liability values represent the period average. Also assume all sales are on credit.

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The following represents financial date for Co ABC. Assume that asset and liability values represent the period average. Also assume all sales are on credit. What is the Return of Assets for ABC? Cash $100,000 AR $150,000 Inventory $100,000 Property, Plant & Equipment $200,000 Current Liabilities $300,000 LT Liabilities $200,000 Stockholders' EQ $50,000 Total Revenue $900,000 Total Expense $850,000 (which includes $450,000 Cost of Goods Sold) Outstanding Shares 50,000 shares Price per Share $20/share Price per Share $20/share 4.7% 9.1% 13.2% 3.2% 6.9%

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