The Balance Sheet of Sound Designs Reports Total Assets of $750,000

question 106

Multiple Choice

The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year,respectively.Sales revenues are $1.5 million ($1.2 million in the previous year) ,net income is $150,000,and net cash flows from operating activities are $175,000.What is Sound Designs' cash return on assets?

• A)19.4%.
• B)21.9%.
• C)22.6%.

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Definitions:

Attribution

Attribution is the process of inferring the causes behind behaviors and events, leading to an understanding of why things happen.

Causality Analysis

The examination of cause-and-effect relationships between variables.

Stereotype

A fixed, over generalized belief about a particular group or class of people.

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Individuals receiving treatment for mental health issues, typically diagnosed with one or more psychiatric conditions.