Selected Current Year Company Information Follows The Return on Total Assets Is:
A) 2

question 186

Multiple Choice

Selected current year company information follows: $$\begin{array} { | l | r | } \hline \text { Net income } & \$ 15,953 \\\hline \text { Net sales } & 712,855 \\\hline \text { Total liabilities, beginning-year } & 83,932 \\\hline \text { Total liabilities, end-of-year } & 103,201 \\\hline \text { Total stockholders' equity, beginning-year...... } & 198,935 \\\hline \text { Total stockholders' equity, end-of-year } & 121,851 \\\hline\end{array}$$ The return on total assets is:

• A) 2.24%
• B) 2.81%
• C) 3.64%
• D) 4.67%
• E) 6.28%

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Definitions:

Omitted Terms

Provisions or clauses not included or specified in a legal document or contract, which can sometimes be interpreted or filled in based on customary practice or judicial discretion.

Firm Offer Rule

A legal principle stating that a merchant’s offer to buy or sell goods, assuring that the offer will remain open for a certain period, is binding and cannot be revoked.

Merchant Offeror

A seller or provider of goods or services considered legally as a "merchant," often involved in making offers in the course of business.

Writing

The act or process of composing text or documenting information in a durable medium.