Gateway Lodging Has Annual Sales of $1

question 243

Multiple Choice

Gateway Lodging has annual sales of $1.22 million, total debt of $380,000, total equity of $750,000, and a profit margin of 7.45 %. What is the return on assets?

• A) 6.97 %
• B) 7.13 %
• C) 7.56 %
• D) 7.78 %
• E) 8.04 %

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Definitions:

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The process of establishing a causal relationship between variables, typically through controlled experimentation or extensive observation.

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A medical condition characterized by excess body fat that presents a risk to health, often defined by a Body Mass Index (BMI) of 30 or higher.