The Balance Sheet of Tech Track Reports Total Assets of $400,000

question 33

Multiple Choice

The balance sheet of Tech Track reports total assets of $400,000 and $500,000 at the beginning and end of the year,respectively.Sales revenues are $1.1 million ($0.8 million in the previous year) ,net income is $40,000,and net cash flows from operating activities are $50,000.How does Tech Track's cash return on assets compare to the industry average of 10%?

• A)Better.
• B)Worse.
• C)Same as.
• D)Cannot be determined with the data provideD.

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Definitions:

Mentally Ill

Refers to individuals who suffer from mental health disorders that affect their mood, thinking, and behavior.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud, focused on unconscious motives and conflicts.

Id

A component of the psychoanalytic theory representing the instinctual drives and the source of bodily needs, wants, desires, and impulses.

Superego

A component of Freud's psychoanalytic theory referring to the moral part of the mind, which internalizes societal rules and parental standards, regulating behavior through guilt and shame.