Use the Following Information for the First Year of Operations

question 53

Multiple Choice

Use the following information for the first year of operations for Layton Novelties,Inc.to answer the following question.Use ending balances whenever average balances are required for computing ratios. Cash flow from operating expenses for Layton Novelties is $32,400.
The cash return on assets for Layton Novelties is

• A) 45 percent.
• B) 40 percent.
• C) 27 percent.
• D) 9 percent.

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Definitions:

Human Capital

The collective skills, knowledge, and abilities of an organization's employees considered as an economic value.

Workforce Participants

are individuals who are actively engaged in the workforce, either as employees, self-employed individuals, or volunteers, contributing to the economic activity.

Global Economy

An interconnected marketplace without geographical limits, where goods, services, and labor are exchanged worldwide.

Vocational Rehabilitation Act

A federal law enacted in 1973 designed to help individuals with disabilities access rehabilitation services to gain employment, enhancing their economic independence.