A Firm with Sales of $1,000,000, Net Profits After Taxes

question 54

Multiple Choice

A firm with sales of $1,000,000, net profits after taxes of $30,000, total assets of $1,500,000, and common stockholders' investment of $750,000 has a return on equity of ________.

• A) 20 percent
• B) 15 percent
• C) 3 percent
• D) 4 percent

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Definitions:

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body.

Mental Health Professionals

Qualified individuals such as psychologists, psychiatrists, and counselors who provide services to assess, diagnose, and treat mental health disorders.

Credentialling

The process of verifying the qualifications and professional credentials of healthcare professionals or institutions, often involving certification or licensing.

Psychological Disorders

Psychological disorders are patterns of behavioral or psychological symptoms that impact multiple areas of life, leading to distress for the person experiencing them.