Answer the Following Questions Using the Information Below:
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question 101

True/False

Answer the following questions using the information below:
The top management at Watersport Company, a manufacturer of water sport equipment, is attempting to recover from a fire that destroyed some of their accounting records. The main computer system was also severely damaged. The following information was salvaged:
$\begin{array} { l r r r r } & \text { Jetski Division } & \text { Boat Division } & \text { Surfboard Division } \\\text { Sales } & \$ 7500000 & ( \mathrm { a } ) & \$ 1800000 \\\text { Net operating profit } & \$ 750000 & \$ 1080000 & \$ 450000 \\\text { Operating assets } & ( \mathrm { b } ) & ( \mathrm { c } ) & \$ 1500000 \\\text { Retum on investment } & 0.20 & 0.10 & ( \mathrm {~d} ) \\\text { Retum on sales } & ( \mathrm { e } ) & 0.12 & 0.25 \\\text { Investment turnover } & \text { (f) } & ( \mathrm { g } ) & 1.2\end{array}$
-Return on investment is the most popular performance measure when measuring performance in an investment centre.

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Definitions:

Economic Role

The function that individuals, institutions, or items play in the economic system, influencing how resources are distributed and utilized.

Trust Fund

A legal entity established to hold assets on behalf of individuals or organizations, often used for wealth management or to set aside money for specific purposes.

Social Security

A government program that provides financial assistance to people with an inadequate or no income, particularly the elderly, disabled, and families with dependent children.

Surpluses

Surpluses are situations in which the supply of a good or service exceeds its demand, often leading to lower prices.