Walton,Inc Additional Information for the Year Ending December 31,2019 Calculate the Rate of Return on Total Assets for 2019

question 50

Multiple Choice

Walton,Inc.provides the following data: $$\begin{array} { | l | r | r | } \hline & { 2019 } & { \underline { 2018 } } \\\hline \text { Cash } & \$ 45,000 & \$ 25,000 \\\hline \text { Accounts Receivable, Net } & 98,000 & 62,000 \\\hline \text { Merchandise Inventory } & 73,000 & 50,000 \\\hline \text { Property, Plant, and Equipment, Net } & \underline { 183,000 } & \underline { 120,000 } \\\hline \text { Total Assets } & \$ 399,000 & \$ 257,000 \\\hline\end{array}$$ Additional information for the year ending December 31,2019:
$$\begin{array} { | l | r | } \hline \text { Net Credit Sales } & \$ 510,000 \\\hline \text { Cost of Goods Sold } & 190,000 \\\hline \text { Interest Expense } & 24,000 \\\hline \text { Net Income } & 181,000 \\\hline\end{array}$$ Calculate the rate of return on total assets for 2019.(Round your answer to two decimal places.)

• A) 45.36%
• B) 62.50%
• C) 70.43%
• D) 51.38%

Recognize the significance of compromises made during the Constitutional Convention.

Understand the role and impact of the Federalist and Antifederalist Papers on the ratification of the Constitution.

Understand how historical grievances and revolutionary ideas contributed to the Declaration of Independence.

Acknowledge the challenges faced by the early American government and the rationale for the Constitutional Convention of 1787.

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Definitions:

Earnings Per Share

A financial ratio that measures the amount of profit attributed to each outstanding share of common stock, indicating a company's profitability on a per-share basis.

Net Income

The total earnings of a company after subtracting all expenses from its total revenue, representing the profit or loss in a financial period.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities.

Account Balances

The amount of money in an account at any given time, which can reflect credits and debits from transactions.