The Following Amounts Were Taken from the Financial Statements of Leaf

question 120

Multiple Choice

The following amounts were taken from the financial statements of Leaf Company: $\begin{array}{lrr}&2017&2016\\\text { Total assets } & \$ 800,000 & \$ 880,000 \\\text { Net sales } & 720,000 & 650,000 \\\text { Gross profit } & 352,000 & 320,000 \\\text { Net income } & 126,000 & 117,000 \\\text { Weighted average number of common shares outstanding } & 90,000 & 90,000 \\\text { Market price of common stock } & \$ 35 & \$ 39\end{array}$ The return on assets for 2017 is

• A) 15.8%.
• B) 15%.
• C) 14.3%.
• D) 14.5%.

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Definitions:

Operant Conditioning

A learning process by which the strength of a behavior is modified by reinforcement or punishment.

Token Economies

is a behavior modification technique where tokens are given as a reward for desirable behaviors, which can be exchanged for privileges or items.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, withdrawal from reality and personal relationships into fantasy and delusion, and a sense of mental fragmentation.

First-Generation

refers to the initial or earliest generation, often used to describe immigrants who were the first to arrive in a new country, or the first version/model of a product or technology.