Selected current year company information follows: Net income$15,953 Net sales 712,855 Total liabilities, beginning-year 83,932 Total liabilities, end-of-year 103,201 Total stockholders' equity, beginning-year 198,935 Total stockholders' equity, end-of-year 121,851 The return on total assets is:
A. 2.24%
B. 3.64%
C. 6.28%
D. 4.67%
E. 2.81%
Answer: C
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JBJ Sports is a leading sports goods maker from Atlanta. It has recently initiated a program in association with the Children of God Foundation, which bids to raise funds to promote nutritional awareness and education of young children from
Bangladesh. The company plans to donate $1 for every item it sells in the North American market. Also, JBJ has roped in professional sports teams associated with it to wear the Children of God logo on their team gear. Which of the following best describes the motivation for JBJ's involvement in the program? A) entertaining key clients or rewarding key employees B) expressing commitment to the community or on social issues C) permitting merchandising or promotional opportunities D) stimulating quicker or greater purchase of particular brands E) identifying with a particular target market or lifestyle
When the straight-line method of amortization is used for a bond premium, the amount of interest expense for an interest period is calculated by
A) adding the amount of premium amortization for the period to the amount of cash paid for interest during the period. B) deducting the amount of premium amortization for the period from the amount of cash paid for interest during the period. C) multiplying the carrying value of the bonds by the effective interest rate. D) multiplying the face value of the bonds by the face interest rate.
The (residence, residents) of the community cannot agree (among, between) themselves on the new parking rules
What will be an ideal response?
Which of the following is a characteristic of Total Quality Management (TQM)?
a. Decision making power is centrally controlled. b. Functional or departmental boundaries are minimized. c. Cross-disciplinary teams are dismantled. d. Teams perform narrowly focused tasks.