A Company Has a Return on Assets of 8

question 34

Multiple Choice

A company has a return on assets of 8.7 percent and a return on equity of 14.6 percent. If the company has equity of $265,000, what are the company's total assets?

• A) $444,713
• B) $442,906
• C) $445,318
• D) $446,285
• E) $445,864

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Definitions:

Discovery

A pre-trial procedure in a lawsuit where each party can obtain evidence from the opposing party through depositions, interrogatories, and document requests.

Minimum Contact Requirements

The legal standard that must be met for an out-of-state defendant to be sued in the plaintiff's state court under the jurisdiction of that court.

Personal Service

A type of business or service that is provided directly to individual customers, tailoring to their personal needs or requirements.

International Shoe Co. v. State of Washington

A landmark Supreme Court case establishing the standard for what constitutes sufficient minimum contacts within a state for the exercise of jurisdiction over an out-of-state defendant.