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What is the current year's return on assets (ROA)? Round to: 2 decimal places. (Please...

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Finance

What is the current year's return on assets (ROA)? Round to: 2 decimal places. (Please explain this on a Microsoft excel spreadsheet, step-by-step and the formula you are using. I need help desperately. Thank you)

Category

Prior year

Current year

Accounts payable

41,400

45,000

Accounts receivable

115,200

122,400

Accruals

16,200

13,500

Additional paid in capital

200,000

216,660

Cash

?

?

Common Stock @ par value

37,600

42,000

COGS

131,400

177,018

Depreciation expense

21,600

22,604

Interest expense

16,200

16,494

Inventories

111,600

115,200

Long-term debt

135,000

139,227

Net fixed assets

378,521.00

399,600

Notes payable

59,400

64,800

Operating expenses (excl. depr.)

50,400

67,869

Retained earnings

122,400

136,800

Sales

255,600

337,476

Taxes

9,900

19,023

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