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:

Hypothesis Testing

A statistical method used to determine the likelihood that a hypothesis about a data set is true.

Research Study

A systematic investigation aimed at discovering new knowledge or understanding existing information through a defined procedure.

Behavioral Intention

An individual's conscious plan or decision to exert effort to perform a particular behavior, often influenced by attitudes towards the behavior and subjective norms.

Theory of Reasoned Action

A psychological theory that predicts an individual's behavior based on their intention to perform that behavior, which is influenced by attitudes towards the behavior and subjective norms.