Calculate the Return on Assets for a Hunting Outfitter Store

question 39

Multiple Choice

Calculate the return on assets for a hunting outfitter store that has total assets of $350,000, current assets of $74,000, total liabilities of $280,000, accounts receivable of $12,000, net sales of $64,000, and net profit of $23,000.

• A) 26.5 percent
• B) 18.3 percent
• C) 6.6 percent
• D) 25.0 percent
• E) 8.2 percent

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Definitions:

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Subliminal Messages

Messages that are presented below the threshold of conscious perception, proposed to influence attitudes, emotions, or behaviors without awareness.

Rorschach Inkblots

A psychological evaluation in which the reactions to inkblots by subjects are logged and interpreted through psychological methods.

Psychological Disorder

A pattern of behavioral or psychological symptoms that impact multiple areas of life and create distress for the person experiencing these symptoms.