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%.

Understand the concept of variance and how it is interpreted.

Grasp the relationship between standard deviation and variance.

Recognize the impact of extreme scores on standard deviation.

Learn the conditions under which data can have zero variability.

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Definitions:

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The state or quality of being self-reliant, free from external control or support.