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

question 68

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 percent?

• A)7.50 percent
• B)9.00 percent
• C)10.95 percent
• D)16.70 percent 60 =

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Definitions:

Meningioma

A type of brain tumor that arises from the meninges, the protective membranes covering the brain and spinal cord.

Meninges

The three protective membranes (dura mater, arachnoid mater, and pia mater) that cover the brain and spinal cord.

Meningocele

A birth defect where a sac protrudes through a spinal opening, containing cerebrospinal fluid and meninges, but not the spinal cord.

Reye Syndrome

A rare but serious condition that causes swelling in the liver and brain, often occurring in children recovering from a viral infection and potentially linked to aspirin use.