Cage Company Had Income of $35 Million and Average Invested

question 66

Multiple Choice

Cage Company had income of $35 million and average invested assets of $200 million.Its return on assets (ROA) is:

• A)1.8%.
• B)35%.
• C)17.5%.
• D)5.7%.
• E)3.5%.

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Definitions:

Monthly Payment

The amount that is due every month to repay a loan, typically consisting of both principal and interest components, over a set period.

Mortgage Rate

The interest rate charged on a mortgage loan, determining the cost of borrowing for purchasing real estate.

Monthly Payments

Regular payments made each month, often in the context of repaying a loan or lease.