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Use this balance sheet and income statement to answer the following question. Use ending balances whenever average balances are required for computing ratios Abner Systems,

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Use this balance sheet and income statement to answer the following question. Use ending balances whenever average balances are required for computing ratios Abner Systems, Inc Balance Sheet December 31, 20px7 AssetsLiabilities $4,00 1.00 $5000 $6,000 Current liabilities Current assets nvestments roperty, plant, and equipment ntangible assets 1,000 Long-term Labilities 8,000 Total liabulities 5,000 Stockholders' Equity $10,000 Common stock Retained earrangs Total stockholders' equity Total iablities and equity$15.000 Total assets 20,000stockholders' equity Abner Systems, Inc. Income Statement For the Year Ended December 31,20x $24,00 8.000 $ 16,000 Tet sales Costs of goods sold Gross margin perating expenses ncome before income taces ncome taces S 8,00 Tet income The return on assets for Abner Systems, Inc. is A. 30 percent. B. 150 percent

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