A Company That Reports Segment Information Had Average Total Assets

question 80

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 B is:

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

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Definitions:

Marriage

A legally or culturally recognized union between individuals that establishes rights and obligations between them, as well as with their children and in-laws.

Divorce Rates

The statistical measure that indicates the number of divorces occurring during a year per 1,000 population in a given society.

Nonfamily Households

Living arrangements composed of individuals who are not related by blood, marriage, or adoption, often sharing common living spaces.

Traditional Family Structure

A familial organizational form often consisting of two parents and their children, though definitions can vary culturally.