In 2009 the Yankee Company Had Average Operating Assets of $200,000

question 19

Short Answer

In 2009 the Yankee Company had average operating assets of $200,000. If the company reported a return on investment of 50% then net operating income for 2009 must have been: a. $100,000
B) $50,000
C) $400,000
D) $200,000

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Definitions:

Purely Competitive

A business environment marked by the proliferation of many small enterprises, a uniform product, and effortless procedures for both entry and exit.

Market Price

The ongoing rate at which a service or asset is traded in a particular market.

Monopoly

A market structure characterized by a single seller or producer dominating the entire market, with no close substitutes for its product or service.

Industry Depicted

A graphical or descriptive representation of a sector's characteristics, trends, and dynamics.