The Holmes Division Recorded Operating Data as Follows for the Past

question 45

Multiple Choice

The Holmes Division recorded operating data as follows for the past year:
$\begin{array}{|r|r|}\hline \text { Sales } & \$ 200,000 \\\hline \text { Operating Income } & \$ 25,000 \\\hline \text { Average Operating Assets } & \$ 100,000 \\\hline \text { Shareholders' Equity } & \$ 80,000 \\\hline \text { Residual Income } & \$ 13,000 \\\hline\end{array}$

-For the past year,what was the return on investment?

• A) 15.75%.
• B) 20.50%.
• C) 25.00%
• D) 31.25%.

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Definitions:

Prestige

Prestige denotes the respect, admiration, or deference a person or group garners from others, based on accomplishments, quality, or social status.

Parties

Social gatherings or celebrations where people come together to enjoy entertainment, companionship, and often food and drink.

Individual Attributes

Qualities, traits, or characteristics that distinguish or define a person as an individual.

Poverty

A condition where individuals or communities lack the financial resources and essentials for a minimum standard of living, leading to limited access to basic needs such as food, shelter, and healthcare.