The Balance Sheet of Sound Designs Reports Total Assets of $750,000

question 71

Multiple Choice

The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year, respectively. Sales revenues are $1.5 million ($1.2 million in the previous year) , net income is $150,000, and net cash flows from operating activities are $175,000. What is Sound Designs' cash return on assets?

• A) 19.4%.
• B) 21.9%.
• C) 22.6%.
• D) 18.8%.

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Definitions:

Trial Period

A set duration during which a product, service, or employee is tested or evaluated before a final decision or purchase is made.

Staff Development

Organizational activities aimed at improving the knowledge, skills, and competencies of staff members to enhance their performance and personal growth.

Training

The process of teaching or learning a particular skill or type of behavior through practice and instruction over a period of time.

Measurable Goals

Objectives that can be quantified or assessed, allowing for clear tracking of progress.