Use the Following Information to Answer the Next Ten Questions

question 24

Multiple Choice

Use the following information to answer the next ten questions:
Excerpts from TPX Company's December 31,2015 and 2014,financial statements are presented below:

-TPX Company's 2015 return on assets is:

• A)48.2%.
• B)9.3%.
• C)8.8%.
• D)9.0%.

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Definitions:

Company

An entity engaged in commercial, industrial, or professional activities.

Expected Return

The anticipated return on an investment, calculated by considering the potential outcomes, their probabilities, and the returns associated with each.

Investment

The allocation of resources (such as time, money, or effort) in expectation of achieving a future return.

Future Earnings Prospects

The expected profitability of a company or investment in future periods based on current and forecasted conditions.