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Business, 14.11.2019 04:31 drewje12

Hot shot delivery inc. provides the following year end data:

2018 2017

cash $65,000 $38,000

accounts receivable 60,000 39,000

merchandise inventory 66,000 26,000

property, plant & equip 219,000 154,000

total assets 410,000 257,000

sales revenue $530,000

cost of goods sold 180,000

interest expense 30,000

net income 112,000

calculate the rate of return on total assets for 2018.

55.3%

52.5% incorrect.

42.6%

27.3%

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Hot shot delivery inc. provides the following year end data:

2018 2017

cash...
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