Profit Is $109 000,after Deducting Interest of $11 000 and Average

question 48

Multiple Choice

Profit is $109 000,after deducting interest of $11 000 and average total assets are $650 000.Return on assets to assess profitability from a management view point is:

• A)18.5%
• B)16.8%
• C)15%
• D)168%

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Definitions:

Capitalism

An economic system based on private ownership of the means of production and the creation of goods or services for profit, characterized by competitive markets and capital accumulation.

Wealth And Capital

Terms related to the accumulation of valuable resources and assets, with "wealth" often referring to the stock of assets held, and "capital" usually meaning funds or resources used for investment and production.

Powerful Governments

Governments that have substantial control and influence over both domestic and international affairs, often characterized by strong leadership and comprehensive policies.

Workplace Governance

The system by which workplaces are directed and controlled, involving the mechanisms, processes, and relations by which control is exercised and accountability is rendered.