A Company Had the Following Results Last Year: Sales,$700,000; Return

question 24

Multiple Choice

A company had the following results last year: sales,$700,000; return on investment,28%; and margin,8%.What were the average operating assets last year?

• A) $200,000.
• B) $540,000.
• C) $2,450,000.
• D) $2,500,000.

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Definitions:

Express Warranties

Explicit guarantees made by a seller about the quality, safety, or performance of a product or service.

Certain Circumstances

Refers to specific conditions or factors that affect or determine the outcome or application of a rule in a particular case.

Disclaimer

A statement that denies responsibility or relinquishes a right, often used to avoid legal liability.

Warranty of Merchantability

A guarantee that a product will meet reasonable expectations of quality and performance.