Marino Company Has Provided the Following Information

question 52

Multiple Choice

Marino Company has provided the following information:
Net sales,$480,000
Net income,$24,000
Average total assets,$200,000
What is Marino's return on assets ratio?

• A)240%
• B)12%
• C)5%
• D)42%

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Definitions:

Attention

Attention is the cognitive process of selectively concentrating on one aspect of the environment while ignoring other things, essential for various cognitive functions.

Electroconvulsive Therapy (ECT)

A medical treatment that involves sending small electric currents through the brain to trigger a brief seizure, used to treat severe depression and other mental health conditions.

Depression

A disorder in mental health defined by ongoing feelings of sadness or a lack of enthusiasm for activities, significantly hindering day-to-day life.

Depressing Memories

Recollections of past events that evoke feelings of sadness and despondency.