The Monticello Company Reported Net Income of $14,400 on Gross

question 36

Multiple Choice

The Monticello Company reported net income of $14,400 on gross sales of $80,000. The company has total average assets of $115,200, of which $100,000 is property, plant and equipment. What is the company's return on investment?

• A)69.4%
• B)18.0%
• C)14.5%
• D)12.5%

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Definitions:

Soft Determinist

Someone who believes in determinism but also holds that human behavior can be free if it corresponds to the individual's desires, even if those desires are determined.

Character

The aggregate of features and traits that form the individual nature of a person or a thing.

Social Entity

An organization or system that exists within a society and influences it.

Relationships

The manner by which two or more ideas, items, or individuals are linked, or the condition of being linked.