The Following Data Represent Selected Information from the Comparative Income

question 72

Multiple Choice

The following data represent selected information from the comparative income statement and balance sheet for Dunkin Company for the years ended December 31, 2011 and 2010: The rate of return on total assets for Dunkin Company for 2011, was closest to:

• A)1)87.
• B)0)54.
• C)0)39.
• D)1)82.

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Definitions:

Private Companies

Businesses whose ownership is private and shares are not traded on public stock exchanges.

Measurement Principles

Guidelines that dictate how the economic activities of a company are captured in its financial statements.

Historical Cost

The original monetary value of an asset, reflecting the purchase or production cost without adjustments for inflation or market value changes.

Current Value

The present worth of an asset or liability, taking into account factors such as market conditions and depreciation.