Quick Cement Has a Return on Assets of 8

question 25

Multiple Choice

Quick Cement has a return on assets of 8%. If it has $1.5 million in total assets and a total asset turnover of 2, it follows that the firm must have a net profit margin of

• A) 8%.
• B) 12%.
• C) 4%.
• D) 6%.

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Definitions:

Auto

A keyword in the C and C++ programming languages that was originally used to declare automatic variables, now repurposed in C++11 to infer the type of the variable from its initializer.

Register

A small, fast storage location within a computer's CPU where specific types of instructions are stored and processed.

Storage Classes

Specifies the visibility and lifetime of variables and/or functions within a C or C++ program.

Constants

Fixed values in code that, once defined, cannot be altered by the program during its execution.