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The recent Balance Sheet for Cupcake Palooza included the following information: Cash: 950 Short-term investments: 409 Net Receivables: 51 Inventory: 103 Prepaid Expenses: 155 Total
The recent Balance Sheet for Cupcake Palooza included the following information: Cash: 950 Short-term investments: 409 Net Receivables: 51 Inventory: 103 Prepaid Expenses: 155 Total Assets: 6122 Current Liabilities: 1240 Total Liabilities: 6620 Net Income After Tax: 1775 Based on this information, what is the Return on Assets ratio for the company to the nearest whole number (as a percent)? Express your response as a number, such as 22 if you think their Return on Assets ratio is 22%. The recent Balance Sheet for Cupcake Palooza included the following information: Cash: 950 Short-term investments: 409 Net Receivables: 51 Inventory: 103 Prepaid Expenses: 155 Total Assets: 6122 Current Liabilities: 1240 Total Liabilities: 6620 Net Income After Tax: 1775 Based on this information, what is the Return on Assets ratio for the company to the nearest whole number (as a percent)? Express your response as a number, such as 22 if you think their Return on Assets ratio is 22%
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