Arrow's net income of $120 million and average total assets of $1,500 million results in a return on assets of 8%.

Answer the following statement true (T) or false (F)


True

Return on Assets = Net Income/Average Total Assets
Return on Assets = $120 million/$1,500 million = 8%

Business

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What will be an ideal response?

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Abraham Maslow proposed the

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As of December 31, 2013, Desert Junction Corporation had the following account balances: Cash: $100,000 Accounts Receivable: $27,000 Merchandise Inventory: $35,000 Property, Plant, & Equipment: $150,000 Accounts Payable: $42,000 Long-Term Notes Payable: $122,000 Common Stock: $110,000 Retained Earnings: $38,000 Net Sales totaled $350,000, Cost of Goods Sold was

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Business