Assume All Assets Are Operating Assets; All Current Liabilities Are

question 42

Multiple Choice

$$\begin{array} { | l | r | r | } \hline & { 2006 } &{ 1005 } \\\hline \text { Current assets } & \$ 4,650 & \$ 4,730 \\\hline \text { Long-term assets } & 7,120 & 6,450 \\\hline \text { Current liabilities } & 1,440 & 1,340 \\\hline \text { Long-term debt } & 3,830 & 3,760 \\\hline \text { Common equity } & 6,500 & 6,080 \\\\\hline \text { Operating income } & 2,140& \\\hline \text { Interest expense } & 240 & \\\hline \text { Tax expense } ( 40 \% ) & 760& \\\hline \text { Net income } & 1,140 & \\\hline\end{array}$$ Assume all assets are operating assets; all current liabilities are operating liabilities.
-Return on net operating assets for 2005 is:

• A) 11.30%
• B) 12.73%
• C) 9.93%
• D) 11.19%

Understand the role and benefits of preparing and seeking advice before starting a crowdfunding campaign.

Grasp the importance of the financial arrangement clarity when borrowing from friends and family as it relates to crowdfunding.

Differentiate crowdfunding platforms based on their focus areas such as technology, science, and creative projects.

Recognize the importance of early and effective communication of product or service ideas to potential backers.

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Definitions:

Similar

Resembling without being identical; having likeness in qualities, characteristics, or appearance.

Inductive Generalization

A type of reasoning that draws general conclusions from specific examples.

Primates

A group of mammals that includes humans, apes, monkeys, and their close relatives.

Fruit

The sweet and fleshy product of a tree or other plant that contains seed and can be eaten as food.