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Use the following balance sheet and income statement shown to answer the question below. Balance Sheet ( Millions of $ ) Assets 2 0 1
Use the following balance sheet and income statement shown to answer the question below.
Balance Sheet Millions of $
Assets
Cash and securities
$
Accounts receivable
Inventories
Total current assets
$
Net plant and equipment
$
Total assets
$
Liabilities and Equity
Accounts payable
$
Accruals
Notes payable
Total current liabilities
$
Longterm bonds
$
Total liabilities
$
Common stock
$
Retained earnings
Total common equity
$
Total liabilities and equity
$
Income Statement Millions of $
Net sales
$
Operating costs except depreciation
Depreciation
Earnings bef interest and taxes EBIT
$
Less interest
Earnings before taxes EBT
$
Taxes
Net income
$
Other data:
Shares outstanding millions
Common dividends
$
Int rate on notes payable & LT bonds
Federal plus state income tax rate
Yearend stock price
$
What is the firm's ROA?
Group of answer choices
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