Quad Sales Has the Following Information for the Year 2015

question 111

Multiple Choice

Quad Sales has the following information for the year 2015:
$$\begin{array} { | l | r | } \hline \text { Total assets, January 1 } & \$ 102,000 \\\hline \text { Total assets, December 31 } & 108,000 \\\hline \text { Net income } & 2,100 \\\hline \text { Interest expense } & 0 \\\hline\end{array}$$
How much is the return on total assets? (Please round to two decimal places.)

• A) 0.10
• B) 0.02
• C) 0.09
• D) 0.12

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Definitions:

Confidence Interval

Confidence Interval is a range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, with a certain level of confidence.

Contrast

In statistics, a method used to compare different treatments or groups by defining specific linear combinations of parameters estimated in a model.

Confidence Limits

The upper and lower boundaries of a confidence interval, which estimate the range within which a population parameter lies with a certain level of confidence.

Population Mean

The average of all the values in a population, which is the total set of individuals, items, or data under study.