Branch Corp

question 100

Multiple Choice

Branch Corp.'s total assets at the end of last year were $315,000 and its net income after taxes was $22,750.What was its return on total assets?

• A) 7.22%
• B) 7.58%
• C) 7.96%
• D) 8.36%
• E) 8.78%

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Definitions:

P(B|A)

The probability of event B occurring given that event A has already occurred.

P(A and B)

The probability of both event A and event B occurring in a combined manner.

P(A or B)

The probability of event A happening, event B happening, or both events happening.

P(A)

Denotes the probability of event A happening.