You Purchased Two WXO 15 Call Option Contracts at a Quoted

question 27

Multiple Choice

You purchased two WXO 15 call option contracts at a quoted price of $.08.What is your total profit on this investment if the price of WXO is $14.80 on the option expiration date?

• A)−$20
• B)−$16
• C)$12
• D)$16
• E)$20

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Definitions:

Total Asset Turnover

A financial ratio that measures how efficiently a company uses its total assets to generate sales revenue.

Total Assets

The sum of all assets owned by an entity, including both current and non-current assets, reflecting the total resources at its disposal.

Fixed Asset Turnover

A financial ratio that measures a company's efficiency in using its fixed assets to generate sales.

Net Fixed Assets

The value of a company's property, plant, and equipment minus depreciation, indicating the tangible assets used in operations.