Cloverton Corporation had net income of $30,000, net sales of $1,000,000, and average total assets of $500,000. Its return on total assets is:
A. 6%
B. 17%
C. 1.5%
D. 3%
E. 200%
Answer: A
You might also like to view...
The Family Smoking Prevention and Tobacco Control Act, which requires mandatory warnings to be placed on cigarette packages, is enforced by the Health Care Reform Act
Indicate whether the statement is true or false
As a part of a downsizing initiative, Richmond and Sons fired an employee before his employment contract lapsed. Is the employee responsible for mitigating damages? Explain.
What will be an ideal response?
The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 6,200hoursStandard direct labor rate$7per hourLabor efficiency variance$2,100UnfavorableThe standard hours allowed for December's production is:
A. 6,000 hours B. 6,200 hours C. 6,500 hours D. 5,900 hours
In the event of a "stockout" one of the things that could happen is
a. the vendor's plant shuts down. b. the cost of capital is increased. c. the SCOR process would come into play. d. extra shipping cost may be incurred.