Which of the Following Statements Is True

question 102

Multiple Choice

Which of the following statements is true?

• A)U.S.GDP per capita is five times larger than the world average.
• B)According to world standards,12 percent of Americans are poor.
• C)The poorest nations of the world have average incomes of $5,000.
• D)"Extreme poverty" refers to an income of less than $2 per day.

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Definitions:

Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets to generate sales or revenue.

Return On Assets

A financial metric that indicates how profitable a company is relative to its total assets, measuring how efficiently a company uses its assets to generate earnings.

Profit Margin

A financial ratio calculated as net income divided by revenue, indicating the percentage of revenue that is retained as profit after accounting for costs and expenses.

Asset Turnover

A metric indicating how effectively a company utilizes its assets to produce sales income.