A Company Has Net Income of $250,000,net Sales of $2,000,000,and

question 23

Multiple Choice

A company has net income of $250,000,net sales of $2,000,000,and average total assets of $1,500,000.Its return on total assets is equal to:

• A)12.5%
• B)13.3%
• C)16.7%
• D)75.0%
• E)600.0%

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Definitions:

Decimal Places Property

A numerical setting that determines the number of digits to the right of the decimal point in a numeric value.

Price Field

A specific field in databases or software applications designed to store monetary values representing the cost or price of items.

Subdatasheets

A feature in some database software that allows users to view and edit related data from a related table or query in a hierarchical format.

Employers Table

A structured arrangement of data related to employees in a database or spreadsheet, often including columns for name, position, salary, and other relevant information.