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[The following information applies to the questions displayed below.] Wichita, Inc. reported the following amounts...

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Accounting

[The following information applies to the questions displayed below.] Wichita, Inc. reported the following amounts on its financial statements prepared as of the end of the current accounting period:

Revenues $ 200,000
Expenses 180,000
Net income $ 20,000
Current assets $ 50,000
Long-term assets 150,000
Total assets $ 200,000
Current liabilities $ 20,000
Long-term liabilities 80,000
Total liabilities 100,000
Common stock $ 40,000
Retained earnings 60,000
Total equity 100,000
Total liabilities and equity $ 200,000

What is the companys return-on-assets ratio?

Multiple Choice

5%

10%

20%

50%

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