Clairmont Industries Reported Net Income of $283,000 and Average Total

question 152

Multiple Choice

Clairmont Industries reported Net income of $283,000 and average Total assets of $637,000.The Return on total assets is:

• A)55.6%.
• B)88.8%.
• C)61.5%.
• D)44.4%.
• E)125.1%.

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Definitions:

Neoplasms

Neoplasms are abnormal growths of tissue that arise from uncontrolled, progressive multiplication of cells and can be benign or malignant (cancer).

Accompanying Figure

Auxiliary visual material, such as a diagram or graph, provided to support or illustrate textual information.

Telomerase

An enzyme that adds telomere sequences to the ends of chromosomes, helping to maintain their integrity during cell division.