Assume MetAmbit Corporation Had a Net Income of $2,300 for the Year

question 124

Multiple Choice

Assume MetAmbit Corporation had a net income of $2,300 for the year ending December 2016.Its beginning and ending total assets were $33,500 and $18,000,respectively.Calculate MetAmbit's return on assets (ROA) .(Round your percentage answer to two decimal places. )

• A)6.87%
• B)12.78%
• C)8.93%
• D)4.47%

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Definitions:

Municipal Bond

A municipal bond is a debt security issued by a city, municipality, or county to finance its capital expenditures.

Corporate Bond

A debt security issued by a corporation to raise capital, promising to pay back the borrowed money plus interest at specified future dates.

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The lowest price a seller is willing to accept for an asset in a financial market.

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The price at which a buyer is willing to purchase a security or commodity.