Financial statements for Larkins Company appear below:

Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.

-Larkins Company's return on total assets for Year 2 was closest to:
A) 13.6%
B) 16.0%
C) 15.3%
D) 17.0%

Question

Financial statements for Larkins Company appear below:

Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.

-Larkins Company's return on total assets for Year 2 was closest to:
A) 13.6% 
B) 16.0% 
C) 15.3% 
D) 17.0%

Quizplus · Accepted Answer

The Answer of Financial statements for Larkins Company appear below:

Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.

-Larkins Company's return on total assets for Year 2 was closest to:
A) 13.6% 
B) 16.0% 
C) 15.3% 
D) 17.0%

Financial Statements for Larkins Company Appear Below