Angelo Services,Inc A)1128%
B)7

question 11

Multiple Choice

Angelo Services,Inc.reported the following balance sheet information for the year 2017.Based on the following information,calculate the rate of return on total assets for Angelo Services,Inc. $$\begin{array} { | l | r | } \hline \text { Total Assets, December 31,2017 } & \$ 586,000 \\\hline \text { Total Assets, December 31,2016 } & \$ 505,000 \\\hline \text { For Year Ended December 31, 2017: } & \\\hline \text { Interest Expense } & \$ 27,000 \\\hline \text { Net Income } & \$ 66,100 \\\hline\end{array}$$

• A)11.28%
• B)7.93%
• C)17.07%
• D)7.17%

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The attribute of an argument when it is both logically valid and its premises are true.

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The quality of an argument being convincing or persuasive due to the truth of its premises and its logical structure.

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Reasoning in which the premises seek to supply strong evidence for (not absolute proof of) the truth of the conclusion.