For Meters, Inc

question 20

Multiple Choice

For Meters, Inc., refer to the following information to answer the question(s) below:
Meters, Inc., reported net sales of $874,916 and a net profit of $74,563 on its most recent income statement. The company's balance sheet shows total assets of $342,742 and total liabilities of $88,367.
-What is the return on net worth ratio for Meters, Inc.?

• A)8.5 percent
• B)1.91:1
• C)21.8 percent
• D)29.3 percent

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Definitions:

Triplets

The occurrence of three offspring born from the same pregnancy, either from one or multiple eggs.

Protein Synthesis

The cellular process of building proteins from amino acids, based on the instructions encoded in DNA and carried out by ribosomes, mRNA, and tRNA.

Codon

A sequence of three nucleotides in mRNA that specifies a particular amino acid or termination signal in the synthesis of proteins.

Amino Acid Coding

Amino acid coding involves the use of codons in mRNA to specify which amino acids will be added during protein synthesis.