Last Year the Uptown Division of Gorcen Enterprises Had Sales

question 34

Multiple Choice

Last year the Uptown Division of Gorcen Enterprises had sales of $300,000 and a net operating income of $24,000. The average operating assets at Uptown last year amounted to $120,000. Last year at Uptown the margin used to calculate ROI amounted to:

• A)8%
• B)12%
• C)20%
• D)40%

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Definitions:

Possessor's Consent

Possessor's Consent refers to the approval given by someone in control of an asset or property for another party to use or access it.

Licensee

An individual or entity that has been granted the right to use, operate under, or engage in activities protected by another's intellectual property rights.

Trespassers

Individuals who enter or remain on a property without the permission or legal right to do so.

Possessor's Consent

Approval legal definied by the owner or holder of property for another party to use or occupy that property.