The following data pertain to Turk Company's operations last year: Sales$900,000Net operating income$36,000Contribution margin$150,000Average operating assets$180,000Stockholders' equity$100,000Plant, property, & equipment$120,000?Turk's return on investment for the year was:
A. 15%
B. 36%
C. 20%
D. 4%
Answer: C
You might also like to view...
A small stock dividend is generally one that is less than ________
a. 90% b. 50% c. 40% d. 25%
Answer the following statements true (T) or false (F)
1. Products in the win-win category are identified as having a clear and transparent environmental benefit with little compromise needed by the customer. 2. Examples of why not? Products include nondisposable diapers. 3. The tactical level of commitment focuses on the marketing the production managers for its strategic focus related to environmental issues. 4. The tactical level of commitment focuses on the marketing the production managers for its strategic focus related to environmental issues. 5. A consumer boycott can be defined as “an attempt by one or more parties to achieve certain objectives by urging individual consumers to refrain from making purchases in the marketplace.’
Which of the following would not be needed to determine net cash provided by operating activities?
A) depreciation expense. B) change in accounts receivable. C) payment of cash dividends. D) change in prepaid expenses.
A ________ is an unconditional promise to perform.
A. parol evidence B. covenant C. condition subsequent D. rescission