Flingers Inc What Is Flingers' Return on Assets?
A)16%
B)20%
C)25%
D)40

Flingers Inc. reveals the following information in their annual report for FY 2018 $$\begin{array}{l}\hline\text { Earnings and Expenses }\\\begin{array} { | l | c | } \hline \text { Sales } & \$ 10,000,000 \\\hline \text { Cost of goods sold } & \$ 5,000,000 \\\hline \text { Pretaxearnings } & \$ 500,000 \\\hline & \\\hline \text { Selected Balance Sheet Items } & \\\hline \text { Merchandise inventory } & \$ 80,000 \\\hline \text { Total assets } & \$ 2,000,000 \\\hline\end{array}\end{array}$$ What is Flingers' return on assets?

A) 16%
B) 20%
C) 25%
D) 40%