A Company That Reports Segment Information Had Average Total Assets

question 85

Multiple Choice

A company that reports segment information had average total assets of $1,522,450 and total net income of $590,700.Segment A had average total assets of $927,800 and segment operating income of $298,300.Segment B had average assets of $594,650 and segment operating income of $292,400.The segment return on assets for Segment A is:

• A)60.9%.
• B)32.2%.
• C)50.5%.
• D)38.8%.
• E)49.2%.

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Definitions:

Kiva

A platform that allows people to lend money via the internet to low-income entrepreneurs and students in over 80 countries.

Developing Countries

Nations with a lower level of material well-being, industrialization, and often a lower standard of living, focusing on economic growth and development.

Venture Philanthropy

An approach to charitable giving that applies the principles of venture capital financing to achieve philanthropic goals, focusing on results and efficiency.

Financial Support

Refers to funding provided to individuals, businesses, or organizations to assist with operational costs, projects, or specific needs, coming from various sources like loans, grants, investments, or subsidies.