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:

Peripheral Arterial Disease

A common circulatory problem in which narrowed arteries reduce blood flow to the limbs, often causing leg pain when walking, and can be indicative of a more widespread arterial disease.

Thoracic Expansion

The ability of the chest area to increase in volume, allowing for inhalation of air into the lungs.

Respiratory Acidosis

A condition where the lungs cannot remove enough carbon dioxide produced by the body, leading to a disturbance in the body's acid-base balance.

Carbon Dioxide Retention

A condition in which the lungs are unable to effectively expel carbon dioxide, leading to increased levels in the blood.