Use the Table for the Question(s) Below

question 79

Multiple Choice

Use the table for the question(s) below.
Consider the following income statement and other information:

-Luther's return on assets (ROA) for the year ending December 31,2009 is closest to:

• A) 1.6%
• B) 2.0%
• C) 2.3%
• D) 2.6%

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Inventory

The total amount of goods or materials a business has on hand, including raw materials, components, and finished products.

Pricing Policy

How pricing will be determined for your products and services.

Compensation

Payment or benefits awarded to someone in exchange for services rendered or as a reimbursement for expenses or losses incurred.