Catherine's Consulting Has a Net Income of $1,400 and a Total

question 37

Multiple Choice

Catherine's Consulting has a net income of $1,400 and a total equity of $12,000. The debt-equity ratio is 1.0 and the plowback is 30%. What is the return on assets?

• A) 4.24%
• B) 4.64%
• C) 5.23%
• D) 5.83%
• E) None of these.

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Definitions:

Team Development

Team development involves stages or processes that a team undergoes to improve collaboration, effectiveness, and performance.

Group Offer

A proposal or deal made available to a specified group of people, often providing benefits or discounts exclusive to its members.

Stages of Team Development

A model describing the progression of a team through successive phases: forming, storming, norming, performing, and adjourning.

Forming

The initial stage in team development where members meet, form impressions, and establish team norms.