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  3. saunders, inc., recently reported the following de

Saunders, Inc., recently reported the following December 31 amounts in its financial statements (dollars in...

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Saunders, Inc., recently reported the following December 31 amounts in its financial statements (dollars in thousands): Gross profit Net income Total assets Total shareholders' equity Current Year $ 250 120 1,180 840 Prior Year $ 200 60 1,140 640 1-a. Compute return on assets for the current year. (Enter your answer as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).) Return on assets % 1-b. What does this ratio measure? Ratio measure The relation between total assets and the stockholders' capital that finances them. How much the firm earned for each dollar of stockholders' investment. How much sales the firm generated per dollar of assets. How much the firm earned for each dollar of investment

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