Cage Company had income of $35 million and average invested assets of $200 million. Its return on assets (ROA) is:
A. 35%.
B. 1.8%.
C. 17.5%.
D. 3.5%.
E. 5.7%.
Answer: C
You might also like to view...
The natural business year
A) is a fiscal year that ends when business activities are at its lowest point. B) is a calendar year that ends when business activities are at its lowest point. C) is a fiscal year that ends when business activities are at its highest point. D) is a calendar year that ends when business activities are at its highest point.
When materials are placed into production:
A. Manufacturing Overhead is debited if the materials are traced directly to the job. B. Work in Process Inventory is debited if the materials are traced directly to the job. C. Raw Materials Inventory is debited if the materials are traced directly to the job. D. Raw Materials Inventory is credited only if the materials are traced directly to the job, otherwise manufacturing overhead is credited.
Distinguish between consumer products and business products.
What will be an ideal response?
Which of the following is NOT an example of the transfer of technology?
A) Medical researchers at a university providing research data to a pharmaceutical company as part of an effort to find a cure for cancer. B) A computer programmer sharing her source code with the public via the Internet. C) A website designer downloading a copy of a photograph for use on a website, without the photographer's knowledge or permission. D) A franchisor teaching a new franchise owner how to set up and run his franchise, using the franchisor's methods and materials.