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Use the Following Information for the First Year of Operations

Question 53

Multiple Choice

Use the following information for the first year of operations for Layton Novelties,Inc.to answer the following question.Use ending balances whenever average balances are required for computing ratios. Use the following information for the first year of operations for Layton Novelties,Inc.to answer the following question.Use ending balances whenever average balances are required for computing ratios. Cash flow from operating expenses for Layton Novelties is $32,400. The cash return on assets for Layton Novelties is A) 45 percent. B) 40 percent. C) 27 percent. D) 9 percent. Use the following information for the first year of operations for Layton Novelties,Inc.to answer the following question.Use ending balances whenever average balances are required for computing ratios. Cash flow from operating expenses for Layton Novelties is $32,400. The cash return on assets for Layton Novelties is A) 45 percent. B) 40 percent. C) 27 percent. D) 9 percent. Cash flow from operating expenses for Layton Novelties is $32,400.
The cash return on assets for Layton Novelties is


A) 45 percent.
B) 40 percent.
C) 27 percent.
D) 9 percent.

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