Hardister Corp

question 28

Multiple Choice

Hardister Corp. Hardister Corp. has the following information available from its financial statements for 2012:
Refer to the Hardister Corp. information above. Assuming Hardister had total assets at the end of 2011 of $800,000 and an income tax rate of 37.5 percent, what would be return on assets for 2012? (round to the nearest whole percent)

• A) 63%
• B) 43%
• C) 57%
• D) 59%

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Definitions:

FMVSS-121

The Federal Motor Vehicle Safety Standard pertaining to air brake systems, ensuring safe stopping distances and reliability for heavy trucks and buses.

Pneumatically

Operating or moved by air pressure; often refers to tools, systems, or components that use compressed air to function.

Quick-Release Gladhand

A type of coupling used for connecting the brake lines between a truck and a trailer, designed for quick and easy connection and disconnection.

Release Timing

The specific timing at which a device, mechanism, or system is allowed or caused to activate or deactivate.