Saved Specific Identification is used by (may have more than one answer): Help Multiple Choice Manufacturers Grocery Stores Starbucks Car dealers Saved Help Save & Exit Submit The balance sheet of ABC reports total assets of $800,000 and $900,000 at the beginning and end of the year, respectively. The return on assets for the year is 20%. What is ABC's net income for the year? Numeric Response 55 Next > 118 of 150 Saved Help Save ABC reported the following data for its first year of operations: Net sales $2,800 Cost of goods sold 1,680 Operating expenses 880 Ending inventories 820 What is ABC's gross profit ratio (round to nearest whole percentage, just put in the number with no %? 03 Numeric Response Help Save & E If your employer declares bankruptcy, this can have a major effect on your pension if you are in a Multiple Choice 52 Neither Plan Defined Benefit Plan O Defined Contribution Plan Prey Next > 111 of 150