Canberry Corporation Had Net Income of $80,000, Beginning Total Assets

question 71

Multiple Choice

Canberry Corporation had net income of $80,000, beginning total assets of $640,000 and ending total assets of $580,000. Its return on total assets is:

• A) 13.8%
• B) 12.5%
• C) 13.1%
• D) 725%
• E) 800%

---

Definitions:

Centration

In developmental psychology, the tendency of children in the preoperational stage to focus on one aspect of a situation while neglecting others.

Problem

A situation, question, or item that presents difficulty or requires a solution.

Important Aspects

Critical or significant parts, features, or elements of a particular subject or area of study.

Sensorimotor Stage

The first of Jean Piaget's stages of cognitive development, where infants from 0 to 2 years understand the world through their actions and sensory experiences.