Calculate the Return on Assets for a Hunting Outfitter Store

question 28

Multiple Choice

Calculate the return on assets for a hunting outfitter store that has total assets of $350,000,current assets of $74,000,total liabilities of $280,000,accounts receivable of $12,000,net sales of $64,000,and net profit of $23,000.

• A) 6.6 percent
• B) 8.2 percent
• C) 18.3 percent
• D) 25.0 percent
• E) 26.5 percent

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Definitions:

Autonomic Neurons

Nerve cells that control involuntary functions of the body, such as heart rate, digestion, and respiratory rate.

Adrenal Medulla

The inner part of the adrenal gland that secretes adrenaline and noradrenaline, hormones involved in the body's stress response.

Mesoderm

The middle layer of an embryo in early development, from which most of the body's tissues and structures are derived, including muscle, bone, and the circulatory system.

Ectoderm

The outermost of the three primary germ layers in the embryo, giving rise to the nervous system, skin, and various other tissues and organs.