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%

---

Definitions:

Social Responsibility

The responsibility to profitably serve employees and customers in an ethical and lawful manner.

Reciprocal Interaction

A mutual exchange where both parties engage in an active back-and-forth dialogue or action, often leading to beneficial outcomes for both.

Termination-At-Will

An employment principle that allows either the employer or the employee to end the employment relationship at any time, without cause or warning.

Judicial Term

A period during which a judge serves in their judicial capacity, or a specific duration of a court or legal system's session.