The Following Amounts Were Taken from the Financial Statements of Leaf

question 18

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:

Displays

Devices or presentations used to show, exhibit, or present information or items visually.

Active Listening

A communication technique that involves giving full attention to the speaker, understanding their message, and responding thoughtfully, indicating full comprehension.

Organizational Communication

Oral and written communication in an organization. It has formal and informal dimensions and travels vertically and horizontally.

Grapevine

An informal communication network within an organization, where information is often passed through word of mouth.