menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Small Business Management
  4. Exam
    Exam 12: A Firms Sources of Financing
  5. Question
    Floyd's Income Statement Showed for the Current Year His Company
Solved

Floyd's Income Statement Showed for the Current Year His Company

Question 8

Question 8

Multiple Choice

Floyd's income statement showed for the current year his company had an operating income of $45,000 and his balance sheet showed total assets of $300,000.His return on assets is _________ percent.


A) 30
B) 15
C) 12
D) 6

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q5: Frankie is looking for sources of financing

Q7: Match the term with its definition.<br>a.Balloon payment<br>b.Business

Q8: Glenda is trying to decide between the

Q9: The amount of trade credit available to

Q12: Violet's Catering is growing rapidly.A new customer

Q13: People like Ben who "bootstrap" company financing

Q36: Business angels, as opposed to venture capitalists,

Q68: Ben left the corporate rat race to

Q102: For entrepreneurial ventures with the potential for

Q106: The main advantage of using credit cards

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines