Doherty Corporation Had Net Income of $30,000,net Sales of $1,000,000,and

question 115

Multiple Choice

Doherty Corporation had net income of $30,000,net sales of $1,000,000,and average total assets of $500,000.Its return on total assets is equal to:

• A)3%
• B)200%
• C)6%
• D)17%
• E)1.5%

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Definitions:

Salons

Social gatherings, often hosted in private homes during the 17th and 18th centuries in Europe, where intellectuals, philosophers, artists, and politicians came together to discuss ideas and enjoy artistic performances.

Hosted

Acted as an organizer or provider of space and resources for an event, meeting, or gathering, ensuring guests are accommodated and the event runs smoothly.

William Hogarth

An English painter, printmaker, and satirist known for his moral and social subjects, often depicting the English life of his era.

Classical Subjects

Academic disciplines that study the ancient civilizations, particularly those of Greece and Rome, including languages, literature, philosophy, and history.