When Net Income Before Taxes and Interest Is $52,000 and Total

question 85

True/False

When net income before taxes and interest is $52,000 and total assets equal $205,000,the rate of return on total assets is 3.9%.

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Definitions:

Business Cycle

The fluctuation in economic activity that an economy experiences over a period of time, marked by phases of expansion and contraction.

Mercantilism

An economic theory and practice where government regulation of a nation's economy is used to increase state power at the expense of rival national powers.

Laissez-faire

Laissez-faire is an economic philosophy advocating minimal governmental intervention in the marketplace and the economic activities of individuals and businesses.

Precious Metals

Metals of high economic value, often used as an investment or industrial commodity, including gold, silver, platinum, and palladium.