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:

Facial Expressions

The movements of the facial muscles that convey emotions, intentions, and social information to others.

Tactile Sense

The sense of touch, which enables organisms to perceive and interpret information through physical interaction with their environment.

Preparedness

Predisposition to respond to certain stimuli differently from other stimuli.

Selective Learning

The process by which individuals learn some information while ignoring other stimuli, often emphasizing relevant or reinforced knowledge.