Solve the Problem. -During One Year, the Cheung's Real Estate Bill Included $200

question 267

Multiple Choice

Solve the problem.
-During one year, the Cheung's real estate bill included $200 for county services. Of this amount, $112 went to the highway department. What percent did the county highway department receive? (Round answer to two Decimal places.)

• A)56.00%
• B)44.00%
• C)11.20%
• D)55.50%

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Definitions:

Sales

The total amount of goods or services sold by a company, typically reported within a specific period.

Return On Equity

An indicator of how well management is leveraging company assets to produce profits, found by dividing the net income by the equity of the shareholders.

Return On Assets

A profitability ratio that measures how efficiently a company can manage its assets to produce net income.

Debt-To-Equity Ratio

A gauge for the synergy of debt and equity in the financing framework of a company’s assets.