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:

Equality

The state of being equal, especially in status, rights, and opportunities, advocating for the same treatment and absence of discrimination.

Ambiguity

The quality of being open to more than one interpretation, lacking clear definition or boundaries, which can lead to uncertainty or confusion.

Country of Origin Effects

Refers to the influence that the country where a product was manufactured has on consumers' perceptions and attitudes towards the product.

Nation State

A distinct, sovereign entity defined by geographic boundaries, government, and shared cultural history and identity among its population.