Find the Return on Assets If Net Income Was $55,000,total

question 18

Multiple Choice

Find the return on assets if net income was $55,000,total assets are $115,000,EBIT was $100,000,and equity is $75,000.

• A) 73.3%
• B) 63.1%
• C) 87.0%
• D) 47.8%
• E) 55.0%

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Definitions:

Prepackaged Form

Products or software sold in a ready-to-use condition, without the need for customization.

Vendor

A business or individual that sells goods or services.

Computer Hardware

The physical components of a computer system, such as the CPU, hard drive, RAM, and motherboard.

General Purpose

Designed to be suitable for a wide range of tasks rather than being specialized for any particular one.