The Baily Division Recorded Operating Data as Follows for the Past

question 41

Multiple Choice

The Baily Division recorded operating data as follows for the past two years:

$\begin{array}{|l|r|r|} \hline& \text { Year 1 } & \text { Year 2 } \\\hline \text { Sales } & ? & \$ 1,200,000 \\\hline \text { Shareholders' Equity } & \$ 540,000 & \$ 720,000 \\\hline \text { Average Operating Assets } & \$ 600,000 & ? \\\hline \text { Margin } & 15 \% & ? \\\hline \text { Return on Investment } & 22.5 \% & 18 \% \\\hline\end{array}$
$\text { Baily Division's turnover was exactly the same in both Year } 1 \text { and Year } 2 .$


-What were the average operating assets in Year 2?

• A) $720,000.
• B) $750,000.
• C) $800,000.
• D) $900,000.

Understand the process and rights related to partnership property and the management of partnership assets.

Understand the basic concepts and differences between sole proprietorships, partnerships, limited liability companies (LLCs), corporations, and cooperatives.

Recognize the legal implications of partnership actions and the responsibilities of partners in a business.

Identify the characteristics and limits of various business formations, including S corporations and franchises.

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Definitions:

Osteoblasts

Cells responsible for new bone formation and mineralization.

Coxal Bone

Another term for the hip bone, comprising the ilium, ischium, and pubis, which connect the spine to the lower limbs.

Ilium

The largest bone of the pelvis, forming the uppermost part.

Ischium

One of the three bones that make up the pelvis, forming the lower and back part of the hip bone.