The Following Information Pertains to Jasmin Corporation

question 27

Multiple Choice

The following information pertains to Jasmin Corporation.Assume that all balance sheet amounts represent both average and ending figures. Jasmin Corporation had 6,000 shares of common stock issued and outstanding.The market price of Jasmin common stock on December 31,2013,was $20.Jasmin paid dividends of $0.90 per share during 2013.
What is the return on assets for this corporation?

• A) 5.0 percent
• B) 11.7 percent
• C) 26.7 percent
• D) 10.0 percent

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Definitions:

Compressed Workweek

A work schedule arrangement that allows employees to work longer hours on fewer days, resulting in more days off.

Consecutive Days

Days that follow one another in uninterrupted succession.

Flexible Working Hours

Employment arrangements that allow employees to choose their work schedules within certain limits set by employers.

Job Performance

The extent to which an individual successfully fulfills the tasks, responsibilities, goals, and other aspects of their job.