If Randolph Co

question 14

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 its return on assets (ROA) ?

• A) 10%
• B) 17%
• C) 14%
• D) 6%

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Definitions:

Equivalent Job

Positions that are substantially similar in terms of responsibilities, skills required, working conditions, and compensation.

Paid Leave

A work policy that allows employees to take time off from their duties while still receiving their regular income, typically used for personal, medical, or family reasons.

Industrialized Countries

Nations that are characterized by a significant level of industrialization, economic development, and standard of living.

Telecommuters

Individuals who work remotely, often from home, using the internet, email, and telephone to perform their tasks.