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

question 113

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:

Enzymes

Biological molecules that significantly speed up the rate of virtually all of the chemical reactions that take place within cells.

Authoritarian

A style of leadership or governance characterized by strict obedience to authority and control over individuals without much personal freedom.

Harsh Discipline

A parenting or authoritative approach that uses strict or severe punishments and demands to control behavior.

Unquestioning Obedience

The act of following orders or commands without any form of questioning or resistance.