A Company Had Net Income of $450,000 in 2012 and $620,000

question 66

Essay

A company had net income of $450,000 in 2012 and $620,000 in 2013.The company had average total assets of $2,500,000 in 2012 and $3,000,000 in 2013.Calculate the return on total assets for 2012 and 2013.Comment on the results.

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Definitions:

Attitude Problem

A negative or uncooperative outlook or disposition towards ideas, tasks, or people, often resulting in difficult social interactions or workplace dynamics.

Ego-Defensive Function

A psychological defense mechanism in which an individual adopts certain behaviors or attitudes to protect their self-esteem or ego from perceived threats.

Utilitarian Function

Refers to the practical or useful aspects of a product or service that satisfy basic needs and functionalities for a user.

Functional Theory

A framework that explains how different aspects or components of society contribute to the overall stability and functionality of the societal system.