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:

Marketing Mix

A set of actions or tactics that a company uses to promote its brand or product in the market, typically identified as product, price, place, and promotion.

Sales Presentation Purposes

The objectives behind delivering a sales presentation, which include informing, persuading, and motivating prospective buyers towards making a purchase decision.

Attention

The first step in the prospect’s mental steps. From the moment a salesperson begins to talk, he or she should try to quickly capture and maintain the prospect’s attention.

Conviction

A strong belief or opinion that is held with confidence and determination.