Flitter Reported Net Income of $17,500 for the Past Year

question 50

Multiple Choice

Flitter reported net income of $17,500 for the past year.At the beginning of the year the company had $200,000 in assets and $50,000 in liabilities.By the end of the year,assets had increased to $300,000 and liabilities were $75,000.Calculate its return on assets:

• A)8.8%
• B)7.0%
• C)5.8%
• D)35.0%
• E)23.3%

---

Definitions:

Daily Mood

The emotional state or prevailing emotional tone experienced on a day-to-day basis.

Information Processing

A theory that describes how humans perceive, analyze, manipulate, store, and recall information, much in the same way that computers process data.

Cognitive Approach

A psychological perspective that focuses on how people perceive, think about, and mentally process the world around them.

Personality Differences

Variations in the emotional, attitudinal, and behavioral response patterns of individuals.