Multiple Choice
Tom's Tool Factory is an investment center and is responsible for all of its net income and the use of its assets.This year,the invested assets totaled $475,000,and net income was $275,000.What is the rate of return on assets?
A) 57.9%
B) 172.3%
C) 5.0%
D) 115.0%
Correct Answer:
Verified
Correct Answer:
Verified
Q11: A manager in a cost center also
Q51: The ratio of sales to invested assets,which
Q54: All of the following are advantages of
Q58: Which is the best example of a
Q60: The Southern Division of Knucklehead Company has
Q103: The DuPont formula uses financial information to
Q144: Use this information for ABC Corporation to
Q167: A centralized business organization is one in
Q178: Developing and retaining quality managers are advantages
Q194: The objective of transfer pricing is to