A Company Has Net Income of $250,000, Net Sales of $2,000,000

question 48

Multiple Choice

A company has net income of $250,000, net sales of $2,000,000, and average total assets of $1,500,000. Its return on total assets equals:

• A) 12.5%.
• B) 75.0%.
• C) 600.0%.
• D) 16.7%.
• E) 13.3%.

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Definitions:

Deadly Bites

Injuries inflicted by an animal or human bite that introduce toxins or pathogens, potentially leading to severe health consequences or death.

Ancestors

Individuals from whom one is descended, often referring to people from earlier generations within a family lineage or species evolution.

Maturation

The process of becoming mature; the emergence of personal and behavioral characteristics through growth processes.

Strong Eyesight

The ability to see clearly and sharply, often measured in terms of visual acuity, contrast sensitivity, and depth perception.