A company had a profit margin of 10.5% and total asset turnover of 1.84. Its return on total assets was:
A. 12.34%
B. 5.71%
C. 8.66%
D. 19.32%
E. 13.61%
Answer: D
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With reference to price-oriented promotion, shelf "talkers" is best described by:
A) price signs posted on the shelf. B) instant pull-off coupons. C) end-of-aisle displays. D) coupon distribution in the retail store.
Subcultures refer to
A. subgroups within the larger national culture, whose values and beliefs are diametrically opposed to foreign cultures. B. groups within organizations whose values and beliefs influence the corporate culture. C. stakeholder groups outside an organization whose values and beliefs are contrary to the corporate culture. D. the designation given to people between the ages of 13 and 24 whose values and beliefs are not yet fully formed but are still influenced both by their families and society. E. subgroups within the larger, or national, culture with unique values, ideas, and attitudes.
An internal issue to be considered when setting a price is
a. whether the process is labor-intensive or automated. b. the customer's preferences for quality versus price. c. current prices of competing products or services. d. the life of the product or service.
If standard costing is not economically feasible for a company, predetermined overhead rates should not be used
Indicate whether the statement is true or false