Find the Return on Assets If Net Income Was $55,000,total

question 18

Multiple Choice

Find the return on assets if net income was $55,000,total assets are $115,000,EBIT was $100,000,and equity is $75,000.

• A) 73.3%
• B) 63.1%
• C) 87.0%
• D) 47.8%
• E) 55.0%

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Definitions:

Simplest

Pertaining to the least complicated or most straightforward version, form, or method of something.

Schedule

A plan that details when certain tasks or activities are to be done, outlining a timeline for events.

Reinforcement

In behavior psychology, it refers to the process of encouraging or establishing a pattern of behavior by offering rewards or consequences.

Intermittent Reinforcement

A conditioning schedule where a response is only sometimes reinforced, leading to more resistant behavior to extinction.