Last Year Altman Corp

question 46

Multiple Choice

Last year Altman Corp.had $205,000 of assets,$303,500 of sales,$18,250 of net income,and a debt-to-total-assets ratio of 41%.The new CFO believes the firm has excessive fixed assets and inventory that could be sold,enabling it to reduce its total assets to $152,500.Sales,costs,and net income would not be affected,and the firm would maintain the 41% debt ratio.By how much would the reduction in assets improve the ROE?

• A)4.69%
• B)4.93%
• C)5.19%
• D)5.45%

Explain the principles of utilitarianism and its implications for decision-making.

Understand the concept and implications of whistleblowing in organizations.

Assess the influence of cultural values on ethical behavior and decision-making.

Distinguish between various perspectives on social responsibility and their relevance to businesses.

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Definitions:

Life on Mars

The concept or investigation into the existence of life, past or present, on the planet Mars.

Scientific Method

A systematic approach to research in which a problem is identified, relevant data are gathered, a hypothesis is formulated from these data, and the hypothesis is empirically tested.

Sexual History

An account of an individual's past sexual activities, preferences, and significant experiences.

Divorced

The legal dissolution of a marriage by a court or other competent body, resulting in the termination of a marital union.