Speedy Has Net Income of $18,955,and Assets at the Beginning

question 102

Multiple Choice

Speedy has net income of $18,955,and assets at the beginning of the year of $200,000.Assets at the end of the year total $246,000.Compute its return on assets.

• A)7.7%.
• B)8.5%.
• C)9.5%.
• D)11.8%.
• E)13.0%.

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Definitions:

Global Communications

The exchange of information across international boundaries, facilitated by technologies that connect people and organizations worldwide.

Supervisors

Individuals who have the responsibility and authority to oversee and direct the work of others, ensuring that tasks are completed efficiently and effectively.

Team Conflict

Disagreement among team members that can arise from differences in interests, values, or personal characteristics.

Forces Issues

Situations where external pressures necessitate immediate attention or resolution of a problem.