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:

Dentin

Bony material forming the mass of the tooth.

Enamel

Hard substance covering the exposed portion of the tooth.

Salivary Amylase

An enzyme produced by the salivary glands that begins the digestion of starches into sugars in the mouth.

Gastric Lipase

Gastric lipase is an enzyme secreted by the stomach that plays a crucial role in digesting dietary fats by breaking down triglycerides into monoglycerides and free fatty acids.