Tom's Tool Factory Is an Investment Center and Is Responsible

question 56

Multiple Choice

Tom's Tool Factory is an investment center and is responsible for all of its net income and the use of its assets.This year,the invested assets totaled $475,000,and net income was $275,000.What is the rate of return on assets?

• A) 57.9%
• B) 172.3%
• C) 5.0%
• D) 115.0%

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Definitions:

Soft-Foam Mattress

A type of mattress made from pliable foam materials designed to offer support and comfort by conforming to the body's shape.

Consumer

An individual or group who purchases goods or services for personal use and not for manufacture or resale.

Business

The activity of making one's living or making money by producing or buying and selling products or services.

Buying Motives

The psychological triggers or driving forces that prompt a consumer to make a purchase decision.