Flitter reported net income of $17,500 for the past year. At the beginning of the year the company had $200,000 in assets and $50,000 in liabilities. By the end of the year, assets had increased to $300,000 and liabilities were $75,000. Calculate its return on assets:
A. 23.3%.
B. 8.8%.
C. 35.0%.
D. 5.8%.
E. 7.0%.
Answer: E
You might also like to view...
Most investors would prefer to see equity rather than debt on the balance sheet
a. True b. False Indicate whether the statement is true or false
Commonly studied organizational behavior outcome variables are ______.
A. performance, work-related attitudes, employee engagement, and employee withdrawal B. performance, work-related attitudes, motivation, and employee withdrawal and well- being C. work-related attitudes, motivation, employee withdrawal, and job satisfaction D. performance, motivation, employee withdrawal, and employee engagement
According to McClelland’s need theory, the need for affiliation is ______.
A. the need to influence others to do what you want B. the need for close personal relationships C. the drive to succeed at high levels D. the need for consistent feedback
The four types of reinforcement are ______.
a. valence, coercive, neutral, and inconsistent b. reward, negative, absolute, and indirect c. positive, avoidance, punishment, and extinction d. direct, negative, punishment, and indirect