For the Year Ended December 31, 2021, Akito Co

question 61

Multiple Choice

For the year ended December 31, 2021, Akito Co. has net sales of $ 1,000,000 and profit of $ 290,000. Total assets on January 1, 2021 were $ 1,750,000 and total assets at December 31, 2021 are $ 1,245,000. Akito's return on assets for 2021 is

• A) 19.4%.
• B) 23.3%.
• C) 66.8%.
• D) 80.3%.

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Definitions:

Human Nature

The inherent characteristics, feelings, and behavioral traits shared by all humans.

Libido

A term used in psychoanalytic theory to denote the energy of the sexual drive.

Neurosis

Describes a class of functional mental disorders involving chronic distress but neither delusions nor hallucinations, making it difficult to cope with life.

Hypnosis

A trance-like state of focused attention and increased suggestibility, often used for therapeutic purposes.