PJ's Ice Cream Parlor Has Asked You to Help Piece

question 32

Multiple Choice

PJ's Ice Cream Parlor has asked you to help piece together financial information on the firm for the most current year. Managers give you the following information: sales = $50 million, total debt = $20 million, debt ratio = 50 percent, and ROE = 12 percent. Using this information, what is PJ's ROA?

• A)4 percent
• B)6 percent
• C)10 percent
• D)12 percent

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Definitions:

Candidates

Individuals who are considered for a position, role, or opportunity, often in the context of elections, job openings, or competitions.

Voters

Individuals who are eligible and participate in an election process to choose representatives or make decisions in referenda.

Spaghetti Consumption

The intake or eating of spaghetti, often measured for dietary or economic analyses.

Consumption

The process of using goods and services for personal needs or wants, often leading to a decrease in the quantity of the consumed goods.