Using the Following Data for Stevenson Industries, Compute the Return

question 208

Multiple Choice

Using the following data for Stevenson Industries, compute the return on assets ratio. $$\begin{array} { l r } \text { Net Income } & \$ 150,000 \\\text { Total Assets } 12 / 31 / 14 & 2,410,000 \\\text { Total Assets 12/31/13 } & 1,980,000 \\\text { Net Sales } & 250,000\end{array}$$

• A) 6.2%
• B) 10.4%
• C) 6.8%
• D) 11.4%

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Definitions:

Cultural Capital

A term coined by sociologist Pierre Bourdieu referring to non-financial social assets, like education, intellect, style of speech, or dress, that can promote social mobility.

Economic Capital

Financial assets and resources that an individual or organization possesses, which can be used to generate wealth or facilitate production.

Pierre Bourdieu

A French sociologist and public intellectual who significantly contributed to the understanding of power dynamics in society through concepts like cultural capital.

Flynn Effect

The observed substantial and long-sustained increase in both fluid and crystallized intelligence test scores measured in many parts of the world over the 20th century.