Compute Return on Assets Given Net Income of $13,764,beginning Assets

question 216

Multiple Choice

Compute return on assets given net income of $13,764,beginning assets of $120,000,and ending assets of $176,000.

• A)4.65%
• B)7.82%
• C)9.3%
• D)11.47%
• E)21.51%

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Definitions:

Anti-inflammatory

Substances or drugs that reduce inflammation or swelling in the body, commonly used to treat conditions like arthritis or allergies.

β-Carotene

A red-orange pigment found in plants and fruits, and a critical precursor of vitamin A in the human diet.

Isoprene

A common organic compound with the formula C5H8, used as a monomer in the production of natural and synthetic rubbers.

Steroids

A class of lipophilic compounds characterized by a core structure of four fused carbon rings, varying by the functional groups attached and serving in various biological roles.