Exhibit 6-30 Consider Exhibit 6-30

question 14

Multiple Choice

Exhibit 6-30 Consider Exhibit 6-30.Assume that you have $600 to spend on books and compact disks.What is the current price of books?

• A)$1
• B)$5
• C)$10
• D)$60
• E)unable to determine

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Definitions:

Sales

Revenue generated from the sale of goods or services.

Total Assets

The sum of all current and long-term assets owned by a company, reflected on the balance sheet.

Net Sales

The revenue from goods or services sold by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.

ROE

Return on Equity, a profitability measure that calculates the ability of a company to generate profits from its shareholders' equity.