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What is the ROA for the following financial statement? NET INCOME: 11,003 20XX Assets Current Assets: Cash and cash equivalents $1,447 Receivables 976 Inventories 16,497

What is the ROA for the following financial statement?

NET INCOME: 11,003

20XX

Assets

Current Assets:

Cash and cash equivalents $1,447

Receivables 976

Inventories 16,497

Prepaid expenses and other 432

Total Current Assets 19,352

Property, Plant and Equipment, net 21,469

Property under Capital Lease, net 2,137

Other Assets and Deferred Charges 2,426

Total Assets $45,384

Liabilities and Shareholders' Equity Current Liabilities:

Total Current Liabilities $14,460

Long-Term Debt 7,191

Long-Term Obligations Under Capital Leases 2,483

Deferred Income Taxes and Other 809

Total Long-term Liabilities $10,483

Total Liabilities $24,943

Shareholders' Equity Private Common stock ($.10 par value; 2,241 issued and outstanding) $224

Capital in excess of par value 585

Retained earnings 19,632

Total Shareholders' Equity 20,441

Total Liabilities and Shareholders' Equity $45,384

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