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In 2014, Bargain Shop Reported Net Income of $5

question 18

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In 2014, Bargain shop reported net income of $5.7 billion, net sales of $175 billion, and average total assets of $70 billion. What is Bargain shop's return on total assets?


Definitions:

Activity-based Costing

A costing method that identifies activities in a company and assigns the cost of each activity to all products and services according to the actual consumption by each.

Shipping and Handling Activity

The process of preparing, packaging, and delivering goods to a destination.

Activity Rate

A metric used to measure the efficiency or productivity of a company's operations, often tied to specific actions or tasks.

Departmental Factory Overhead Rate

A rate used to allocate indirect manufacturing costs to different departments within a factory.

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