A Retailer Has a Return on Net Worth of 24

question 44

Multiple Choice

A retailer has a return on net worth of 24 percent.If its asset turnover is 3 and its profit margin is 4.0 percent,what is its financial leverage?

• A) 2 times
• B) 2 percent
• C) 4 times
• D) 4 percent

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Definitions:

Magnitude

The size, extent, or importance of something.

Correlation Coefficient

A numerical indicator that shows the degree to which multiple variables co-vary.

Negative Life Events

Significant adverse events or situations that can lead to stress and have potentially lasting impacts on an individual's mental health.

Perceptions of Stress

How an individual views or interprets stress, which can significantly affect their psychological and physical response to it.