The common bond membership requirement makes it difficult for ________ to diversify their loans
A) savings and loan associations
B) credit unions
C) banks
D) mutual savings banks
B
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Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales$36,480,000 Net operating income$2,808,960 Average operating assets$8,000,000 The company's minimum required rate of return 16%The division's turnover used to compute ROI is closest to:
A. 0.35 B. 4.56 C. 12.99 D. 3.37
Operating expenses include cost of goods sold
Indicate whether the statement is true or false
Corporations are required to hold quarterly shareholders' meetings
Indicate whether the statement is true or false
The gross margin ratio is defined as gross margin divided by net sales.
Answer the following statement true (T) or false (F)