Rattner Company Has the Following Information Available for the Year

question 45

Multiple Choice

Rattner Company has the following information available for the year 2014:
$$\begin{array} { | l | r | } \hline \text { Total assets, January 1 } & \$ 420,000 \\\hline \text { Total assets, December 31 } & 500,000 \\\hline \text { Net income } & 37,400 \\\hline \text { Interest expense } & 4,000 \\\hline\end{array}$$
How much is the return on total assets? (Please round to two decimal places.)

• A) 0.10
• B) 0.04
• C) 0.09
• D) 0.12

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Definitions:

Slope M=0

A slope of m=0 indicates a horizontal line, representing a constant function where the y-value does not change regardless of changes in x.

Identify Line

The process of determining the equation or properties of a line from a graph, two points, or an equation.

Rises

Refers to an increase or upward movement in metrics or graphs.

Falls

In physics, refers to the motion of an object under the influence of gravitational acceleration towards the Earth, without considerations for air resistance.