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:

In march 2012, the state of california started requiring that all packaging for food and drink with the additive 4-methylimidazole (4-mi) be clearly labeled with a cancer warning. because of this, both pepsi and coke changed their formula to eliminate 4-mi as an ingredient. if pepsi and coke did not change their formula, holding all else constant, what would have happened to the demand for these goods, assuming pepsi and coke were in a competitive market? a. the demand curve for both pepsi and coke would have shifted to the right, causing the price of both products to decrease and the profits for the companies to fall. b. the demand curve for pepsi and coke would have remained unchanged, but the price of both products would have decreased and the profits for the companies would have fallen. c. the demand curve for pepsi and coke would have decreased, but the prices and profits would not have changed. d. the demand curve for only one of them would change because pepsi and coke are substitutes. e. the demand curve for pepsi and coke would have shifted to the left, causing the price of both products to decrease and the profits for both companies to fall.