A Company Had Net Income of $2,660,000, Net Sales of $25,000,000

question 34

Multiple Choice

A company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals:

• A) 3.01%.
• B) 10.64%.
• C) 32.00%.
• D) 33.25%.
• E) 300.75%.

---

Definitions:

Marketing Dashboard

A visual representation tool that displays key marketing metrics and indicators to help in decision-making.

Sales Revenue

The total amount of money generated from sales of goods or services before any expenses are subtracted.

Unit Sales

A measure of the total quantity of products sold by a company, not taking into account the revenue generated from these sales.

Drugstore Channel

A distribution channel that includes pharmacies and drugstores, through which healthcare products, medications, and various retail goods are sold.