Little Deer Industries gathered the following year-end data (in thousands) for 2010 and 2009: 2010 2009 Current Assets $525 $465 Long-Term Assets 885 585 Current Liabilities 385 385 Long-Term Liabilities 575 575 Owners' Equity 575 265 Net Sales 975 775 Gross Margin 485 365 Net Income 255 100 The return on assets for 2010 was: A) 10.5% B) 11.6% C) 18.8% D) 20.7%
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Home » Business » Little Deer Industries gathered the following year-end data (in thousands) for 2010 and 2009: 2010 2009 Current Assets $525 $465 Long-Term Assets 885 585 Current Liabilities 385 385 Long-Term Liabilities 575 575 Owners' Equity 575 265 Net Sales 975