[The Following Information Applies to the Questions Displayed Below

question 135

Multiple Choice

[The following information applies to the questions displayed below.]
Given below are comparative balance sheets and an income statement for Claret Corporation.
All sales were made on account.Cash dividends declared during the year totaled $11,492.
-Claret Corporation's return on assets for 2018 rounded to the nearest tenth of a percent is:

• A)10.0%.
• B)4.1%.
• C)5.9%.
• D)16.9%.

---

Definitions:

Blue-Collar Workers

Employees who perform manual labor, often in industries like manufacturing, construction, and maintenance.

White-Collar Professionals

Employees known for performing jobs in an office setting that typically require a high level of education and professional skills.

Frictional Unemployment

Unemployment that occurs because job seekers and employers need time to find each other.

Graduating Harvard Law School

Graduating Harvard Law School signifies successfully completing a rigorous academic program at one of the world's prominent legal institutions, often leading to prestigious career opportunities.