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

question 129

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:

Scalenes

A group of muscles located in the neck, responsible for assisting with breathing and the lateral flexion and rotation of the neck.

Blood Concentration

The amount of a substance (such as glucose, electrolytes, or medication) present in a certain volume of blood.

Oxygen

A chemical element essential for cellular respiration in living organisms, and a major component of Earth's atmosphere.

Skeletal Muscle

A type of striated muscle tissue which is under voluntary control, used to move the skeleton.