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The Following Information Pertains to Cashe Company

question 83

Multiple Choice

The following information pertains to Cashe Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. The following information pertains to Cashe Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.   What is the return on assets for Cache? A)  4.8% B)  9.7% C)  6.5% D)  12.9% What is the return on assets for Cache?


Definitions:

Secondarily Liable

Liability that is not primary but comes into effect when the party with primary liability has failed to fulfill an obligation.

Indorsers

Individuals who endorse or sign their name on the back of a document or cheque, thus transferring responsibility or ownership to another party.

Drawers

In banking and finance, individuals or entities that write and issue a check or draft instructing a bank to pay a specific amount from the drawer's account.

Accommodation Maker

A person who signs a loan agreement as a guarantor without receiving any benefits from the loan.

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