Probably production function
Answer:
96.7%
Explanation:
Return on assets
= (Profit margin × sales)/[1 + debt equity ratio) × ( Total equity)]
Given that:
Profit margin = 93%
Sales = $723,450
Debt equity ratio = 42%
Total equity = $490,000
Then, Return on assets
= (0.93 × 723,450)/[(1 + 0.42) × $490,000]
= (672,809)/(1.42) × $490,000
= 672,809/695,800
= 0.9669
= 96.7%
One problem with government operation of monopolies is that the government typically has little incentive to reduce costs.
<h3>What is a monopoly?</h3>
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.
An example of a monopoly is a utility company
Here is the complete question:
One problem with government operation of monopolies is that a. a benevolent government is likely to be interested in generating profits for political gain. b. the government typically has little incentive to reduce costs. C. a government-regulated outcome will increase the profitability of the monopoly. d. monopolies typically have rising average costs.
To learn more about monopolies, please check: brainly.com/question/10441375
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B. 5
To compute stock turnover divide Sales/Average inventory
350/70= 5
Stock turnover is the amount of times inventory is sold in a given time period.
