Angelo Services,Inc

question 146

Multiple Choice

Angelo Services,Inc.reported the following balance sheet information for the year 2017.Based on the following information,calculate the rate of return on total assets for Angelo Services,Inc.

• A)10.91%
• B)7.92%
• C)16.21%
• D)7.22%

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Definitions:

Direct Method

A way of preparing the cash flow statement where actual cash receipts and cash payments from operating activities are recorded, showing the sources and uses of cash.

Janitorial Department

A dedicated team or sector within an institution tasked with the upkeep, sanitation, and general maintenance of buildings.

Square Footage

A measure of area used to determine the size of a space, typically associated with property or building dimensions.

Direct Method

An approach to calculating cash flows from operating activities that involves listing all major operating cash receipts and payments.