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

question 61

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) 13.0%.
• C) 8.5%.
• D) 9.5%.
• E) 11.8%.

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Definitions:

Equilibrium Price

The market price at which the quantity of a good supplied equals the quantity demanded.

Demand And Supply Diagram

A graphical representation used in economics to show the relationship between the price of a good and the quantity demanded and supplied at that price.

Health Care Consumed

The total amount of health services and goods utilized by individuals or a population.

Copayment

The percentage of (say, health care) costs that an insured individual pays while the insurer pays the remainder.