Luna Ltd reports operating profit after tax of $10,000 and net sales revenue of $100,000. The company's asset turnover ratio is $1.25. What is Luna Ltd's Return on Assets ratio?

a. 15.0 %

b. 12.5 %

c. 20.0 %

d. 10.0 %

2000.

Which of the following is NOT true of an effective system of internal control?

a.

Implementation of controls involves costs

b.

It prevents collusion between employees

c.

An effective system of internal control is the responsibility of management

d.

Through it, errors and irregularities will be eliminated