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The following is selected data for Inland Industries: Sales Net Income Total Current Assets 2016 2015 $1,200,000 $1,300,000 117,000 10,000 164,000 150,000 638,000 Property, Plant and Equipment 646,000 The return on assets for 2016 was. A. 28.89% B. 18.11% C. 18.34% D. 14.64%

The following is selected data for Inland Industries: Sales Net Income Total Current Assets 2016 2015 $1,200,000 $1,300,000 117,000 10,000 164,000 150,000 638,000 Property, Plant and Equipment 646,000 The return on assets for 2016 was. A. 28.89% B. 18.11% C. 18.34% D. 14.64%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following is selected data for Inland Industries: Sales Net Income Total Current Assets 2016 2015 $1,200,000 $1,300,000 117,000 10,000 164,000 150,000 638,000 Property, Plant and Equipment 646,000 The return on assets for 2016 was. A. 28.89% B. 18.11% C. 18.34% D. 14.64%
Transcribed Image Text:The following is selected data for Inland Industries: Sales Net Income Total Current Assets 2016 2015 $1,200,000 $1,300,000 117,000 10,000 164,000 150,000 638,000 Property, Plant and Equipment 646,000 The return on assets for 2016 was. A. 28.89% B. 18.11% C. 18.34% D. 14.64%
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