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Year ended 12/31/2021 Net sales $8,079 Cost of goods sold 4,897 Selling and administrative expense 2,039 Interest expense 546 Income before taxes 597 Net income
Year ended 12/31/2021 Net sales $8,079 Cost of goods sold 4,897 Selling and administrative expense 2,039 Interest expense 546 Income before taxes 597 Net income 588 Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets 12/31/2021 $ 1,105 1,140 1,185 13,630 $17,060 12/31/2020 $ 77 794 649 3,974 $5,494 Total current liabilities Long-term debt Total liabilities Total stockholders' equity $ 5,877 5,721 $11,598 $ 5,462 $ 2,339 2,351 $4,690 804 Required: Compute the return on assets for 2021. (Round your answer to 1 decimal place, e.g., 0.1234 as 12.3%.) Return on assets %
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