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

question 20

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

---

Definitions:

Transatlantic Airfares

The prices for flights that cross the Atlantic Ocean, connecting destinations in Europe and America.

International Treaty

A legally binding agreement between countries that is recognized by international law.

Quality of Service

A measure of the performance and reliability of a service, often in telecommunications, as experienced by the user.

American Medical Association

A professional group that represents the interests of physicians and the advancement of public health in the United States.