Question
QUESTION 16 Profit margin = 3% Total asset turnover = 2 Equity multiplier = 4 The cooperative's return on equity (ROE) is 6% 8% 12%
QUESTION 16
Profit margin = 3%
Total asset turnover = 2
Equity multiplier = 4
The cooperative's return on equity (ROE) is
- 6%
- 8%
- 12%
- 24%
6 points
QUESTION 17
Profit margin = 3%
Total asset turnover = 2
Equity multiplier = 4
The cooperative's return on investment (ROI) is
- 3%
- 6%
- 8%
- 12%
6 points
QUESTION 18
Current liabilities = 4,020
Long-term liabilities = 1,700
Members' equity = 6,300
Total assets are
- 5,720
- 6,300
- 10,320
- 12,020
6 points
QUESTION 19
Total sales = $250,000
Cost of goods sold = $170,000
Total expenses = $50,000
Other revenue = $10,000
Other deductions = $20,000
Net income is
- $10,000
- $20,000
- $40,000
- $50,000
6 points
QUESTION 20
Cash = $500
Land = $800
Inventories = $2,500
Equipment = $3,200
Total current assets are
- $1,300
- $3,000
- $4,000
- $7,000
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