Orantes Company's Return on Total Assets for 20 × 6

question 182

Multiple Choice

Orantes Company's return on total assets for 20 × 6 was closest to:

• A) 11.4%.
• B) 12.3%.
• C) 12.7%.
• D) 13.1%.

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Definitions:

Short-Term Loan

A short-term loan is a type of financing that is obtained for a relatively brief period, typically less than a year, to address immediate financial needs.

Financially Responsible

Refers to the ability or action of managing one's resources effectively, ensuring bills and debts are paid on time, and preparing for future financial obligations.

Guarantee

A formal promise or assurance that certain conditions will be met, including the quality or durability of a product, or the repayment of a loan.

Interest Rate

The percentage at which interest is charged or paid on borrowed or invested funds over a specific period of time.