Calculate Net Income from the Following Information: ROA = 35

question 39

Multiple Choice

Calculate net income from the following information: ROA = 35%
Sales = $250,000
Current assets = $30,000
Fixed assets = $70,000

• A) $87,500
• B) $35,000
• C) $10,500
• D) $24,500
• E) $15,000

---

Definitions:

The Prostrate State

A term used to describe a condition of debility or helplessness, often applied to post-Civil War Southern states in the context of economic and social upheaval.

Black Republican Governments

Refers to the period during Reconstruction in the southern United States when African Americans held public office in governments, contributing to policies promoting civil rights and public welfare.

Freedom

The entitlement or freedom to engage in activities, express oneself, or think without suffering limitations or restrictions.

Citizenship

The status of being a legally recognized subject or national of a state or commonwealth, with associated rights and duties.