A Company Had Average Total Assets of $982,450 and Net

question 97

Multiple Choice

A company had average total assets of $982,450 and net income of $190,700,and reports various segment information.Segment A had average total assets of $437,800 and segment operating income of $98,230.Segment B had average assets of $151,200 and segment operating income of $16,190.Calculate the segment return on assets for Segment A.

• A)19.4%.
• B)22.4%.
• C)26.1%.
• D)10.7%.
• E)20.2%.

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Definitions:

Boxplot

A visual display of data indicating the five-number summary of a distribution, including the minimum, first quartile, median, third quartile, and maximum.

Percentile

A value below which a given percentage of observations in a group of observations falls, used to understand and interpret data by comparing individuals to a larger sample.

Observations

Data points or pieces of information gathered through the senses or instruments during an experiment or study.

Bell-Shaped

Describes the symmetric shape of a distribution that is highest in the middle and tapers off towards both ends, characteristic of a normal distribution.