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

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Definitions:

Frequency

The number of occurrences of a repeating event per unit of time, often measured in hertz (Hz).

Timbre

Timbre is the quality of a musical note, sound, or tone that distinguishes different types of sound production, such as voices or musical instruments.

Tinnitus

The hearing of sound when no external sound is present, often described as ringing in the ears, but may also sound like clicking, hissing, or roaring.

Objective Tinnitus

A rare form of tinnitus that can be heard by others, typically caused by vascular anomalies or involuntary muscle contractions near the ear.