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The Following Information Is Available from the Financial Statements of Cosmotropolis

question 54

Essay

The following information is available from the financial statements of Cosmotropolis:
201220132014Total assets, December$341,585$395,412$922,357 Net income35,55049,51268,149\begin{array} { l r r } &\colorbox{#d7dce6}{2012} &\colorbox{#d7dce6}{2013} & \colorbox{#d7dce6}{2014} \\\text {Total assets, December} & \$ 3 4 1 , 5 8 5 & \$ 3 9 5 , 4 1 2 & \$ 9 2 2 , 3 5 7 \\ \text{ Net income}&35,550 & 49,512 & 68,149 \end{array}
What is Cosmotropolis' return on total assets for 2013?


Definitions:

MP

Short for Modus Ponens, a form of argument in logic where if the first statement is true, then the second statement must also be true (If P, then Q. P, therefore Q).

Simp

An internet slang term derogatorily used to describe someone who is perceived as overly submissive or attentive to someone else, often without receiving any attention or affection in return.

Add

To attach or combine one thing with another to augment its size, quantity, or total.

UI

This term might refer to "User Interface," which is the means by which a user interacts with a computer, software, or application.

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