A Company Has Sales of $640,000, Net Profit After Taxes

question 36

Multiple Choice

A company has sales of $640,000, net profit after taxes of $23,000, and a total asset turnover of 2.5. What is the return on assets?

• A) 3.6%
• B) 4.5%
• C) 8.1%
• D) 9.0%

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Definitions:

Weschler Adult Intelligence Scale

A standardized test designed to measure adult intelligence, assessing various cognitive abilities and providing an IQ score.

Raven's Progressive Matrices

A nonverbal group test typically used to measure abstract reasoning and considered a good estimate of fluid intelligence.

Vocabulary Subtest

A component of an intelligence or standardized test aimed at measuring one's word knowledge and usage ability.

Environmental Factors

refers to external elements (like climate, pollution, and sociocultural aspects) that can influence living organisms and their development.