Branch Corp

question 100

Multiple Choice

Branch Corp.'s total assets at the end of last year were $315,000 and its net income after taxes was $22,750.What was its return on total assets?

• A) 7.22%
• B) 7.58%
• C) 7.96%
• D) 8.36%
• E) 8.78%

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Definitions:

Desired Profit

The target profit a company aims to achieve within a specific period.

Budget Standard Cost

Expected cost of goods or services set during a budgeting process, which serves as a guideline for managing and controlling future costs.

Markup Percentage

A ratio that shows how much a product’s selling price exceeds its cost, expressed as a percentage of the cost.

Variable Cost

Costs that vary directly with the level of production or service activity.