Calculate the Return on Assets for a Gun Shop That

question 77

Multiple Choice

Calculate the return on assets for a gun shop that has total assets of $410,000,current assets of $74,000,total liabilities of $280,000,accounts receivable of $12,000,net sales of $64,000 and net profit of $30,000.

• A)18.3 percent
• B)8.2 percent
• C)7.3 percent
• D)25.0 percent
• E)26.5 percent

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Definitions:

Product Variants

Different versions of a product that a company offers, differing in features, sizes, or other characteristics to satisfy various customer needs.

Product Attributes

The characteristics or features of a product, including quality, price, design, and brand name, which can influence consumers' buying decisions.

Variant

A version of a product that is slightly different from the basic model to cater to different customer needs or preferences.

Narrowly

With limited scope or breadth; focusing closely on a specific or restricted area.