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

question 34

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 equals:

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

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Definitions:

Triangulation

A method used in research to cross-validate data through the use of multiple sources, methods, or investigators to enhance accuracy.

Convergent Validations

A method of validating findings or results by corroborating them through different measures or tests within the same study.

Multiple Methodologies

The use of various research or work methods in combination to address a problem or study a phenomenon.

Idiographic Method

A research approach focusing on the unique aspects of individual cases or entities rather than seeking general laws.