The Following Selected Data Come from Celebration Company's Balance Sheets

question 10

Multiple Choice

 The following selected data come from Celebration Company's balance sheets and income statements over three recent years. Based on the data, what is Celebration's return on assets for each of the three years, and do the ratios show deterioration or improvement in Celebration's profitability? Assume that the industry average is 0.075 or 7.5%. 

• A) 0.039; 0.027; 0.023; weak but improving
• B) 0.39; 0.40; 0.41; weak but improving slightly
• C) 2.56; 2.53; 2.46; strong and improving slightly
• D) 0.47; 0.46; 0.45; weak and deteriorating slightly

---

Definitions:

Documentation

Written or printed material that provides official information or evidence, or that serves as a record.

Problem-Oriented Medical Record (POMR)

A method of recording healthcare information that organizes data by the patient's specific problems, facilitating a systematic approach to treatment.

Initial Interview

The first meeting between a healthcare provider and a patient, aimed at discussing health concerns and medical history.

Release-of-Records Form

A document signed by a patient that authorizes the disclosure or sharing of their medical records with specified parties.