[The following information applies to the questions displayed below.] At the end of Year 1, the following information is available for Grumpy, Happy, and Doc Companies. GrumpyHappyDocTotal Assets$2,000,000 $2,000,000 $3,000,000 Total Liabilities 1,400,000 800,000 1,800,000 Stockholders' Equity 600,000 1,200,000 1,200,000 Net Income 118,000 190,000 150,000 Which company has the highest return-on-assets ratio?
A. Doc.
B. Grumpy.
C. Happy.
D. They all have equal return-on-assets ratios.
Answer: C
Business
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