81. Return on total assets measures a company's ability to:
A. Produce net income from net sales.
B. Produce sales from net assets.
C. Produce net income from net assets.
D. Increase its asset base from sales.
E. Increase its asset base from net income.
82. 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