Carbondale Company manufactures, markets, and sells snowmobile and snowmobile equipment and accessories. The average total assets for Carbondale is $3,000,000. In its most recent year, Carbondale reported net income of $201,000 on revenues of $1,400,000.
Required:
1. What is Carbondale Company's return on assets?
2. Does return on assets seem satisfactory for Carbondale given that its competitors average a 9.5% return on assets?
3. What are the total expenses for Carbondale Company in its most recent year?
4. What is the average total amount of liabilities plus equity for Carbondale Company?