In 2020, Elephant Corporation's Financial Statements Included the Following Information

question 81

Multiple Choice

In 2020, Elephant Corporation's financial statements included the following information: Net income.............................................$19,000
Sales........................................................98,000
Total assets, beginning of year................85,000
Total asseets, end of the year....................112,000
Inventory.....................................................70,000
To one decimal, Elephant's return on assets (ROA) for 2020 was

• A) 21.0%.
• B) 19.3%.
• C) 17.2%.
• D) 0.99%.

---

Definitions:

Test Category

A classification or grouping of tests based on their purpose, content, format, or intended population, such as academic assessments, personality tests, or skill evaluations.

Iowa Test

A standardized test used primarily in the United States to assess the educational development of students.

Music Literacy

The ability to read, write, and understand music notation, as well as having an understanding of music theory, history, and styles.

Differential Aptitude Battery

A series of tests designed to assess specific types of aptitude or skills helpful in determining an individual's ability to succeed in different career paths or educational fields.