A Company Has Net Income of $250,000, Net Sales of $2,000,000

question 48

Multiple Choice

A company has net income of $250,000, net sales of $2,000,000, and average total assets of $1,500,000. Its return on total assets equals:

• A) 12.5%.
• B) 75.0%.
• C) 600.0%.
• D) 16.7%.
• E) 13.3%.

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Definitions:

Sterile Field

A specific area that is free of all microorganisms to maintain asepsis during surgical procedures and other sensitive medical tasks.

Specimen Preservation

The process of maintaining the integrity of a biological sample for later analysis or examination.

10% Formalin

A solution commonly used as a disinfectant and preservative in the medical and biological sciences, consisting of 10% formaldehyde in water.

Laboratory Examination

A clinical test conducted in a laboratory to analyze samples and diagnose conditions.