Gateway Lodging Has Annual Sales of $1

question 331

Multiple Choice

Gateway Lodging has annual sales of $1.22 million, total debt of $380,000, total equity of $750,000, and a profit margin of 7.45 %. What is the return on assets?

• A) 6.97 %
• B) 7.13 %
• C) 7.56 %
• D) 7.78 %
• E) 8.04 %

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Definitions:

Anorexic

Relating to anorexia, an eating disorder characterized by an intense fear of gaining weight and a distorted body image.

Abnormally Thin

Having a body weight or thickness significantly below what is considered normal or healthy.

Junk Food

Food that is high in calories but low in nutritional content.

Obesity

A medical condition where excess body fat accumulates to the extent that it may have a negative effect on health, leading to increased risks of various diseases and health problems.