Branch Corp

question 80

Multiple Choice

Branch Corp.'s total assets at the end of last year were $315,000 and its net income after taxes was $22,750.What was its return on total assets?

• A)7.22%
• B)7.58%
• C)7.96%
• D)8.36%

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Definitions:

Voting Power

The ability or right of an individual or group to influence decisions through the act of voting, often in the context of corporate governance or political elections.

Nonprofit Corporation

An organization established for purposes other than making a profit, often enjoying specific tax benefits.

Special Meeting

A meeting called for a specific purpose, distinct from regular meetings, often to address urgent issues within an organization.

Derivative Suit

A lawsuit brought by a shareholder on behalf of a corporation against a third party, often the corporation's executives or directors, due to failure in their corporate duties causing harm to the company.