The following information pertains to Ortiz Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

\begin{array}{lr}\text { Assets }\\\text { Cash and short-term investments } & \$ 45,000 \\\text { Accounts receivable (net) } & 30,000 \\\text { Inventory } & 40,000 \\\text { Property, plant and equipment } & 310,000 \\\quad \text { Total Assets } & \$ 425,000\\\\\text { Liabilities and Stockholders' Equity }\\\text { Current liabilities } & \$ 55,000 \\\text { Long-term liabilities } & 110,000 \\\text { Stockholders' equity?Common } & 260,000 \\\quad \text { Total Liabilities and Stockholders' Equity } & \underline{\$ 425,000}\end{array}

\begin{array}{lr}\text { Income Statement }\\\text { Sales } & \$ 120,000 \\\text { Cost of goods sold } & 65,000 \\\text { Gross profit } & 55,000 \\\text { Operating expenses } & 29,500 \\\quad \text { Net income } & 25,500 \\\\\text { Number of shares of common stock } & 6,000 \\\text { Market price of common stock } & \$ 20 \\\text { Dividends per share } & .50\end{array}

What is the return on assets for Ortiz?
A) 6.0%
B) 5.0%
C) 10.0%
D) 12.0%

Assume the Following Sales Data for a Company 2020$945,0002019877,5002018675,000\begin{array}{lr}2020 & \$ 945,000 \\2019 & 877,500 \\2018 & 675,000\end{array}202020192018​$945,000877,500675,000​

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Assume the Following Sales Data for a Company $\begin{array}{lr}2020 & \$ 945,000 \\2019 & 877,500 \\2018 & 675,000\end{array}$

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