Rayman Automobiles, an Automobile Manufacturing Company, Was Founded in 1912

question 152

Multiple Choice

Rayman Automobiles, an automobile manufacturing company, was founded in 1912. The company primarily focused on creating greater efficiencies by refining its processes and creating specialized jobs. This allowed the company to increase its output and lower the prices of its products. As a result, automobiles became an affordable commodity. In the context of the history of American business, Rayman Automobiles was most likely founded during the _____.

• A) digital information era
• B) entrepreneurship era
• C) marketing era
• D) production era

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Definitions:

Return On Total Assets

A profitability ratio that measures the net income generated for each dollar of assets a company owns.

Balance Sheet

A financial breakdown that illustrates a company's assets, debts, and the stake of shareholders at a fixed point in time.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period.

Times Interest Earned

A metric used to measure a company's ability to meet its debt obligations, calculated by dividing earnings before interest and taxes (EBIT) by interest expenses.