Floyd's Income Statement Showed for the Current Year His Company

question 100

Multiple Choice

Floyd's income statement showed for the current year his company had an operating income of R45 000 and his balance sheet showed total assets of R300 000.His return on assets is _________ per cent.

• A)30
• B)15
• C)12
• D)6

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Definitions:

Consumer Choices

involve decisions made by individuals or households regarding the purchase of goods and services based on factors like price, quality, and personal preferences.

Four Freedoms

A set of four fundamental freedoms articulated by U.S. President Franklin D. Roosevelt during World War II: freedom of speech, freedom of worship, freedom from want, and freedom from fear.

Third World Countries

Term originally used during the Cold War to describe countries that were not aligned with the capitalist First World or the communist Second World, now often referring to developing or underdeveloped nations.

Cold War Doctrine

A set of policies and strategies developed during the Cold War, aimed at containing the expansion of communism and influencing international relations.