Chou Co Has a Net Income of $43,000, Assets at the the Beginning

question 41

Multiple Choice

Chou Co. has a net income of $43,000, assets at the beginning of the year are $250,000 and assets at the end of the year are $300,000. Compute its return on assets.

• A) 8.4%.
• B) 1.5%.
• C) 17.2%.
• D) 14.3%.
• E) 15.6%.

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Definitions:

Single Carpel

Pertains to a single unit of the female reproductive part of a flower, encompassing the ovary, style, and stigma.

Sutures

Stitched joints between the bones of the skull, allowing for growth during infancy and becoming less distinct in adulthood.

Sepals

The outer parts of the flower, typically green and leaf-like, that protect the developing bud.

Leaf Like

Descriptive of structures or shapes that resemble the form or function of a leaf.