What Is Jane's Rate of Return on Total Assets If

question 67

Multiple Choice

What is Jane's rate of return on total assets if total assets are $135,000, net income is $2,700, interest expense is $1,800, and income tax is $3,000? (Round your answer two decimal places, X.XX%.)

• A) 2.00%
• B) 5.56%
• C) 4.22%
• D) 3.33%

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Definitions:

Procompetitive Legislation

Laws designed to encourage competition among businesses, preventing monopolies and promoting fair market practices.

Sherman Antitrust Act

A foundational United States legislation enacted in 1890 to prevent anti-competitive practices, monopolies, and to promote fair competition for the benefit of consumers.

Institutionalization

The process of embedding certain practices, norms, and behaviors within an organization or society, making them established and accepted.

Voluntary Practices

Actions or policies adopted by individuals or organizations out of choice rather than due to legal requirements, often reflecting ethical or sustainability standards.