For the Year Ended December 31, 2014, Akito Co

question 229

Multiple Choice

For the year ended December 31, 2014, Akito Co. has net sales of $1,000,000 and profit of $290,000. Total assets on January 1, 2014 were $1,750,000 and total assets at December 31, 2014 are $1,245,000. Akito's return on assets for 2014 is

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

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Definitions:

Psychoanalyst

A therapist who uses Freudian methods of exploring the unconscious mind to treat mental and emotional disorders.

Psychological Therapy

A range of treatments for mental health disorders that involve talking to a psychologist or other mental health professional.

Sigmund Freud

Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Joseph Wolpe

A prominent psychologist known for developing systematic desensitization, a method used to treat phobias and anxiety by gradually exposing the patient to the anxiety source.