A Company Reported Net Sales of $850,000, Net Income of $200,000

question 126

Short Answer

A company reported net sales of $850,000, net income of $200,000 and average total assets of
$575,000. Calculate its return on total assets.

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Definitions:

Parallelism

The use of components in sentences that are grammatically the same, or similar in their construction, sound, meaning, or meter.

Morale

The confidence, enthusiasm, and discipline of a person or group at a particular time.

Absenteeism

The habitual non-presence of an individual supposed to be at work, school, or other engagements often without valid reason.

Past Time Viewpoint

Referring to events or states of affairs that happened in the past, often used to give background or context in narratives.