Given below are comparative balance sheets and an income statement for Claret Corporation. CLARET CORPORATION Balance Sheets - 2018 Dec. 31 Jan. 1 Cash $ 15,200 $ 15,200 Accounts receivable 46,280 36,900 Inventory 32,100 36,000 Equipment (net) 56,800 65,900 $ 150,380 $ 154,000 Accounts payable 25,600 28,200 Dividends payable 7,400 3,500 Long-term note payable 13,900 13,900 Capital stock, $5 par 72,400 72,400 Retained earnings 31,080 36,000 $ 150,380 $ 154,000 CLARET CORPORATION Income Statement For the year ended 2018 Sales $ 228,400 Cost of goods sold (137,500 ) Gross profit on sales $ 90,900 Operating expenses (75,828 ) Operating income $ 15,072 Interest expense and income taxes (8,900 ) Net income $ 6,172 All sales were made on account. Cash dividends declared during the year totaled $11,092. Claret Corporation's return on assets for 2018 rounded to the nearest tenth of a percent is:

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business.identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats.implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the