A Company Had Net Income of $2,660,000,net Sales of $25,000,000,and

question 122

Multiple Choice

A company had net income of $2,660,000,net sales of $25,000,000,and average total assets of $8,000,000.Its return on total assets is equal to:

• A)3.01%
• B)10.64%
• C)32.00%
• D)33.25%
• E)300.75%

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Definitions:

Different Strategies

Various approaches or plans of action designed to achieve a specific goal or solve a particular problem.

Pessimistic Strategies

Approaches or methods based on expecting unfavorable outcomes or emphasizing negative aspects of situations.

Optimistic Strategies

Approaches or methods that involve a positive and hopeful attitude towards achieving goals or facing challenges.

Strategy Use

Involves the application of plans or methods to achieve specific goals, especially in learning or problem-solving contexts.