Refer to the Following Selected Financial Information from Shakley's Incorporated

question 176

Multiple Choice

Refer to the following selected financial information from Shakley's Incorporated.Compute the company's return on total assets for Year 2. $$\begin{array} { l r r } & \text { Year 2 } & \text { Year } 1 \\\text { Net sales } & \$ 478,500 & \$ 426,250 \\\text { Cost of goods sold } & 276,300 & 250,120 \\\text { Irterest experse } & 9,700 & 10,700 \\\text { Net incomebefore tax }& 67,250 & 52,680 \\\text { Net income after tax } & 46,050 & 39,900 \\\text { Total assets } & 317,100 & 288,000 \\\text { Total liabilities }& 181,40 0 & 167,300 \\\text { Total equity } & 135,70 0 & 120,700\end{array}$$

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Definitions:

Strategies

Plans or methods developed to achieve specific goals or outcomes.

Behaviour Change

Behaviour change involves altering or adapting an individual's actions in response to internal or external influences, often aimed at improving health or social outcomes.

Experience

The acquisition of knowledge or skills through involvement in or exposure to an event or activity.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences, potentially leading to a permanent change in behavior.