A Company Had Net Income of $2,660,000, Net Sales of $25,000,000

question 34

Multiple Choice

A company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals:

• A) 3.01%.
• B) 10.64%.
• C) 32.00%.
• D) 33.25%.
• E) 300.75%.

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Definitions:

Decreased Overall Plan Costs

Refers to the reduction in total expenses associated with a particular plan, often aimed at making insurance plans, benefit programs, or operational activities more efficient and cost-effective.

Work And Personal Activities

The blend or balance between a person's job responsibilities and their personal life, interests, and commitments.

Paid Time Off

An employee benefit where workers get paid while being away from work for certain reasons, such as vacation, illness, or personal time.

Community Service

Voluntary work intended to help people in a particular area or community, often organized by a non-profit or governmental organization.