[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 company's return-on-assets ratio?
A. 20%
B. 10%
C. 50%
D. 5%
Answer: B
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