If Randolph Co

question 35

Multiple Choice

If Randolph Co. has sales of $3,000,000, net income of $200,000, and total asset turnover of 1.5x, what is their ROA?

• A) 10%
• B) 17%
• C) 12%
• D) 6%

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Definitions:

Costs

The expenses, losses, or other negative outcomes that are incurred as a result of actions or decisions.

Respond In Kind

Acting towards someone in the same manner as they have acted towards you, often in the context of reciprocating actions or gestures.

Strategy

A strategy intended to accomplish a long-term or overarching goal.

Bluffing

A strategy in negotiations where one party pretends to have a stronger position than they actually do to influence the other party's decisions.