MC Qu. 96 Cloverton Corporation had...

Cloverton Corporation had net income of $35,840, net sales of $800,000, and average total assets of $640,000. Its return on total assets is:

Multiple Choice

-125.0%

-17.9%

-1.8%

-4.5%

-5.6%

MC Qu. 73 A company purchased...

A company purchased $120,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1. The amount of interest accrued on December 31 (the company's year-end) would be:

Multiple Choice

-$1,200.

-$3,600.

-$6,000.

-$3,000.

-$2,400.

MC Qu. 74 A company paid...

A company paid $45,800 plus a broker's fee of $725 to acquire 10% bonds with a $48,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal:

Multiple Choice

-$48,725.

-$52,800.

-$45,800.

-$48,000.

-$46,525.