What Is the ROA of a Firm with $150,000 in Average

question 23

Multiple Choice

What is the ROA of a firm with $150,000 in average receivables, which represents 60 days sales, average assets of $750,000, and a profit margin of 9%?

• A) 7.50%
• B) 9.00%
• C) 10.95%
• D)16.70%

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Definitions:

Principles of Conduct

Basic ethical guidelines or moral codes that govern behaviors and actions within a society or organization.

Ethics

This term concerns the moral principles that govern a person's behavior or the conducting of an activity, often related to distinguishing between right and wrong.

Civility

Interacting with others with respect, kindness, and good manners.

Work Colleagues

Individuals who are employed at the same organization or on the same team, collaborating on professional tasks.