A Company Had Net Income of $2,660,000, Net Sales of $25,000,000

question 20

Multiple Choice

A company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals:

• A) 10.64%.
• B) 3.01%.
• C) 32.00%.
• D) 33.25%.
• E) 300.75%.

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Definitions:

Pictorial Representation

The use of images or diagrams to show information or data, making it easier to understand or analyze.

Pseudocode

An informal high-level description of the operating principle of a computer program or other algorithm, using a mixture of natural language and programming language conventions.

Opcode

The portion of a machine language instruction that specifies the operation to be performed.

Selection Structure

A programming construct that allows for decision making in code, directing the flow of execution depending on conditions.