Arrow's Net Income of $117 Million and Average Assets of $1,400

question 53

True/False

Arrow's net income of $117 million and average assets of $1,400 million results in a return on assets of 8.36%.
Return on Assets = Net Income/Average Assets
Return on Assets = $117 million/$1,400 million = 8.36%

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Definitions:

Ethical Responsibility

The duty to act in a morally upright manner, making decisions that reflect integrity and fairness while considering the impact on all stakeholders.

Legal Expectations

The standards and requirements established by law that individuals and organizations are expected to follow.

Moral Expectations

The anticipated standards of behavior based on ethical principles and societal norms.

Shared Value

Shared value is a business strategy focused on creating economic value in a way that also produces value for society by addressing its challenges and needs.