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:

Industrialized West

Refers to Western countries that have undergone industrialization, characterized by economic development, advanced technology, and a shift from agricultural to manufacturing and service industries.

Agricultural Development

The strategic enhancement of agricultural productivity and the expansion of farming practices to meet increasing food demands.

Modernization

The process of adopting modern ways of life and ideas, often involving technological advancements, urbanization, and social and economic changes.

Circumnavigation

The act of traveling all the way around an island, continent, or the entire planet, either by ship or aircraft.