Use the Table for the Question(s)below

question 64

Multiple Choice

Use the table for the question(s) below.

-Refer to the income statement above.Luther's return on assets (ROA) for the year ending December 31,2015 is closest to:

• A)2.0%
• B)6.5%
• C)8.4%
• D)12.7%
• E)32.5%

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Definitions:

JIT Environment

Just-In-Time environment, a production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.

Layout Tactics

Strategies used in arranging machinery, equipment, and workforce within an operational area to optimize productivity and efficiency.

Waste

Describes materials or substances that are no longer useful in their current form and are discarded or disposed of.

Push System

A production strategy where products are manufactured based on anticipated demand, pushing them through to the end of the production line.