An Appliance Store Has Total Assets of $2,800,000,accounts Receivable of $900,000,accounts

question 87

Multiple Choice

An appliance store has total assets of $2,800,000,accounts receivable of $900,000,accounts payable of $700,000,inventory valued at $1,500,000,and total liabilities of $2,500,000.In 1999,its net sales were $2,100,000,and its net profit equaled $42,000. Calculate the store's return on assets.

• A)71.4 percent
• B)2.8 percent
• C)7.5 percent
• D)1.5 percent
• E)75 percent

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Definitions:

Reward

A benefit, recognition, or compensation given for meeting certain standards, achieving goals, or exemplary performance.

Charismatic

Characterizes individuals who possess a compelling attractiveness or charm that can inspire devotion in others, often seen in leaders.

Referent Power

Refers to an individual's ability to influence others based on personal attributes or associations.

Interpersonal Forms

The various types and methods of communication and interaction between individuals, including verbal, non-verbal, and written forms.