Peartree Ltd Provides the Following Data Additional Information Calculate the Return on Total Assets for the Year 2017

question 68

Multiple Choice

Peartree Ltd provides the following data: $$\begin{array} { | l | l | r | } \hline & \underline { 2017 } & \underline { 2016 } \\\hline \text { Cash } & \$ 45,000 & \$ 25000 \\\hline \text { Accounts receivable, net } & 98,000 & 62000 \\\hline \text { Inventory } & 77,000 & 50000 \\\hline \text { Property, plant, and equipment, net } & 180,000 & \underline { 120000 } \\\hline \text { Total assets } & \$ 400,000 & \$ 257000 \\\hline\end{array}$$ Additional information:
$$\begin{array} { | l | l | } \hline \text { Net sales } & \$ 530,000 \\\hline \text { Cost of sales } & 180,000 \\\hline \text { Interest expense } & 21,000 \\\hline \text { Net profit } & 183,000 \\\hline\end{array}$$ Calculate the return on total assets for the year 2017.

• A)62.1%
• B)51%
• C)71.21%
• D)45.75%

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Definitions:

Demographic Attributes

Characteristics of populations, such as age, race, gender, income level, and educational attainment, used in various analyses including market research and sociological studies.

Social Plans

Plans developed by organizations to facilitate social interaction and satisfaction among employees, enhancing workplace culture.

Legalistic

An approach or behavior that is strictly focused on adhering to the letter of the law or rules, often with little flexibility.

Mediation

A method of conflict resolution where a neutral third party assists the disputing parties in reaching a mutually acceptable agreement.