A Firm's After-Tax Operating Income Was $1,000,000 in 2013

question 90

Multiple Choice

A firm's after-tax operating income was $1,000,000 in 2013. It started the year with a total capitalization of $8,000,000 and ended the year with a total capitalization of $9,000,000. The additional capital raised during 2013 started to affect the operating income in 2014. Which value best represents the return on capital for 2013?

• A) 12.5%
• B) 11.8%
• C) 11.1%
• D)10.0%

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Definitions:

Preconventional

The first level in Kohlberg's stages of moral development, where behavior is guided by consequences and external rewards or punishments.

Recreational Drugs

Substances taken for pleasure rather than for medical reasons; often associated with altering one's mood, perception, or consciousness.

Moral Development

The growth in an individual's understanding of right and wrong, based on cultural, societal, and personal values.

Critical Period

A specific timeframe in the development of an organism during which it is especially sensitive to certain stimuli or experiences, which are essential for normal development.