Peartree Inc. provides the following? data: 2015 2014 Cash $ 40, 000 ?...
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Accounting
Peartree Inc. provides the following? data:
2015 2014
Cash $ 40, 000 ? $25,000
Accounts? Receivable, Net 101,000 ? 62,000
Merchandise Inventory 77, 000 ? 50,000
?Property, Plant, and? Equipment, Net 188,000 ? 120,000
Total assets $ 406, 000 ? $257,000
Additional? information:
Net sales $ 530, 000
Cost of Goods Sold 170,000
Interest expense 25,000
Net income 181,000
Calculate the return on total assets for the year 2015.
A. 70.43 ?% B. 62.14 ?% C. 50.74 ?% D. 44.58 ?%
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