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Doherty Corporation had net income of $30000 net sales of $1000,000 and average

Doherty Corporation had net income of $30,000, net sales of $1,000,000, and average total assets of $500,000. Its return on total assets is equal to: 

A. 3%

B. 200%

C. 6%

D. 17%

E. 1.5%

 

 

 

83. A company has net income of $250,000, net sales of $2,000,000, and average total assets of $1,500,000. Its return on total assets is equal to: 

A. 12.5%

B. 13.3%

C. 16.7%

D. 75.0%

E. 600.0%

 

 

84. A company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets is equal to: 

A. 3.01%

B. 10.64%

C. 32.00%

D. 33.25%

E. 300.75%

 

 

 

85. A company had net income of $2,785,000, net sales of $250,000,000, average total assets of $6,000,000, and equity investments of $40,000. Its return on total assets equals: 

A. $3,215,000

B. 41.67%

C. 21.54%

D. 69.63%

E. 46.42%

 

 

86. A company had net income of $43,000, net sales of $380,500, and average total assets of $220,000. Its profit margin and total asset turnover were, respectively: 

A. 11.3%; 1.73

B. 11.3%; 19.5

C. 1.7%; 19.5

D. 1.7%; 11.3

E. 19.5%; 11.3

 

 

 

 

 

87. A company had net income of $40,000, net sales of $300,000, and average total assets of $200,000. Its profit margin and total asset turnover were respectively: 

A. 13.3%; 0.2

B. 13.3%; 1.5

C. 2.0%; 1.5

D. 1.5%; 0.2

E. 1.5%; 13.3

 

 

88. A company had net income of $82,000, net sales of $781,000, and average total assets of $300,000. Its profit margin and total asset turnover were respectively: 

A. 10.5%; 0.38

B. 10.5%; 2.6

C. 9.52%; 2.6

D. 27.3%; 1

E. 27.3%; 9.52

 

 

 

89. A company's return on total assets equals 30%. If net income and net sales are $900,000 and $8,900,000 respectively, what is the amount of total assets? 

A. $2,670,000

B. $270,000

C. $29,666,667

D. $3,000,000

E. $2,940,000

 

 

90. A company's return on total assets equals 28%. If total assets and net sales are $4,500,000 and $10,000,000 respectively, how much is net income? 

A. $2,800,000

B. $4,060,000

C. $1,260,000

D. $14,500,000

E. $2,030,000

Jan 27 2020 View more View Less

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