Using the Following Amounts Taken from the Balance Sheet and Income

question 21

Essay

Using the following amounts taken from the balance sheet and income statement of a business,compute the measures listed below.After each answer,write "L" if it is a measure of liquidity or "P" if it is a measure of profitability.Round to two decimal places.
a.Return on assets
b.Working capital
c.Return on equity
d.Current ratio

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Definitions:

Deindividualization

A psychological state characterized by lowered self-evaluation and decreased concern for social evaluation, leading to uncharacteristic behavior, often in group contexts.

Ingroup/Outgroup Bias

A cognitive bias that causes individuals to view those within their own group more positively than those outside their group.

Just World Hypothesis

The just world hypothesis is the belief that people get what they deserve in life, leading individuals to rationalize injustice or misfortune that befalls others.

Thin Slices

Brief observations of another person's behavior that allow for quick and sometimes accurate judgments about their personality or state.