Use the Following Information for Questions

question 29

Multiple Choice

Use the following information for questions
For 2007, Colaw Company reports beginning of the year total assets of $900,000, end of the year total assets of $1,100,000, net sales of $1,250,000, and net income of $250,000.
-The rate of return on assets for Colaw in 2007 is

• A)20.0%.
• B)22.7%.
• C)25.0%.
• D)27.8%.

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Definitions:

Eyewitness Testimony

Evidence given by a person who has witnessed an event or crime, regarding their observations.

Legal System

The system of rules and guidelines, usually enforced through a set of institutions, used to govern a community, society, or country.

Confidence

The feeling of self-assurance arising from an appreciation of one's own abilities or qualities.

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Individuals who commit a series of murders, usually with psychological gratification as their primary motive.