A Company Has Net Income of $250,000, Net Sales of $2,000,000

question 101

Multiple Choice

A company has net income of $250,000, net sales of $2,000,000, and average total assets of $1,500,000. Its return on total assets equals:

• A) 12.5%.
• B) 13.3%.
• C) 16.7%.
• D) 75.0%.
• E) 600.0%.

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Definitions:

Antibodies

Proteins produced by the immune system to neutralize or destroy foreign substances like bacteria and viruses.

Formula

A mathematical relationship or rule expressed in symbols, or a set sequence of steps, used for solving a particular problem.

Breast-feeding

The practice of feeding a baby with milk directly from the mother's breast, providing essential nutrients and antibodies.

Allergies

Immune system responses to foreign substances (allergens) that are typically harmless to most people, causing symptoms such as sneezing, itching, and swelling.