Table 13-5
the Following Information Is Available for Jansen Corporation

question 87

Multiple Choice

Table 13-5
The following information is available for Jansen Corporation for the current year:
$\begin{array}{|l|r|}\hline \text { Net income } & \$ 156,000 \\\hline \text { Preferred dividends } & 24,000 \\\hline \text { Interest expense } & 17,500 \\\hline \text { Beginning of year: } &\\\hline\text { Total assets } & 850,000 \\\hline \text { Total liabilities } & 375,000 \\\hline \text { Total common shareholders' equity } & 395,000\\\hline\text { End of year: }\\\hline \text { Total assets } & 930,000 \\\hline \text { Total liabilities } & 405,000 \\\hline \text { Total common shareholders' equity } & 435,000\\\hline \end{array}$
-Refer to Table 13-5.The return on assets for Jansen Corporation was:

• A) 19.5%
• B) 18.7%
• C) 17.5%
• D) 16.8%

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Definitions:

Opiate

A class of drugs derived from opium, used for their pain-relieving properties, but also known for their potential to cause dependency and addiction.

Heroin

An opioid drug derived from morphine, highly addictive and illegal in most countries.

LSD

Lysergic acid diethylamide, a powerful hallucinogenic drug known for altering perception, mood, and various cognitive processes.

Psychedelic

Substances that produce altered states of consciousness, characterized by changes in perception, mood, and thought.