A Company's Return on Total Assets Equals 28

question 19

Multiple Choice

A company's return on total assets equals 28%.If total assets and net sales are $4,500,000 and $10,000,000 respectively,how much is net income?

• A)$2,800,000
• B)$4,060,000
• C)$1,260,000
• D)$14,500,000
• E)$2,030,000

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Definitions:

Ergs

Basic, instinctual drive forces that motivate behaviors essential to survival, such as hunger and sex.

Sentiments

Deep feelings or emotions that influence an individual's attitudes and actions toward certain ideas, objects, or people.

Dynamic Motivating

The process of being driven to fulfill changing needs, desires, and goals, which is fluid and adapts over time.

Human Nature

The inherent characteristics, including ways of thinking, feeling, and acting, that all humans are said to share.