Financial statements for Oram Company appear below: Dividends during Year 2 totaled $161 thousand, of which $10 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $610.
-Oram Company's return on total assets for Year 2 was closest to:
A) 12.1%
B) 13.3%
C) 14.6%
D) 13.9%

Question

Financial statements for Oram Company appear below:   Dividends during Year 2 totaled $161 thousand, of which $10 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $610.
-Oram Company's return on total assets for Year 2 was closest to:
A) 12.1% 
B) 13.3% 
C) 14.6% 
D) 13.9%

Quizplus · Accepted Answer

The Answer of Financial statements for Oram Company appear below:   Dividends during Year 2 totaled $161 thousand, of which $10 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $610.
-Oram Company's return on total assets for Year 2 was closest to:
A) 12.1% 
B) 13.3% 
C) 14.6% 
D) 13.9%

Financial Statements for Oram Company Appear Below: Dividends