During the Year,Clarendon Corporation Had Net Sales of $500,000,net Income

question 119

Multiple Choice

During the year,Clarendon Corporation had net sales of $500,000,net income of $50,000,average total assets of $700,000,dividend payments of $35,000,net cash flows from operating activities of $52,000,purchases of plant assets of $75,000,and sales of plant assets of $90,000.Cash flows to assets equals (Round amounts to one decimal place)

• A) 13.0 percent.
• B) 10.4 percent.
• C) 8.7 percent.
• D) 7.4 percent.

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Definitions:

Formula Sales Approach

A systematic and structured method of selling where a pre-determined sequence of steps is followed to convince a customer to make a purchase.

Need-summary

A concise summary that identifies and outlines the specific needs or requirements of a client or situation, often used in sales to tailor solutions effectively.

Sales Presentation

A formal pitch or demonstration given by a salesperson to propose a product or service to potential buyers.

Industrial Equipment

Machinery and tools designed for use in various industries, including manufacturing and construction.