Answer:
The correct answer is letter "A": computation of business logic.
Explanation:
Business Logic refers to a series of algorithms that are the basis of different business software. Business logic implements higher-level algorithms to process workflows and data of organizations to generate an accurate output. The Internet itself did not bring business logic to the surface but the implementation of Information Technology (IT) to business.
Answer:
Return on Assets = 159.52%
Profit Margin = 11.75%
Asset Turnover Ratio = 1.36 times
Explanation:
The computation of return on assets, profit margin, and asset turnover ratios is shown below:-
a. Return on assets
Average Total Assets = Assets in the beginning + Assets at the end ÷ 2
= ($80 million + $88 million) ÷ 2
= $168 ÷ 2
= $84 million
Return on Assets = Annual Net Income ÷ Average Total assets
= $13.4 million ÷ $84 million
= $159.52 million
b. Profit Margin
Profit Margin = Net Income ÷ Net Sales
= $13.4 million ÷ $114 million
= 11.75%
c. Assets turnover ratio
Average Total Assets = Assets in the beginning + Assets at the end ÷ 2
= ($80 million + $88 million) ÷ 2
= $168 ÷ 2
= $84 million
Asset Turnover Ratio = Net Sales ÷ Average Total assets
= $114 million ÷ $84 million
= 1.36 times
Answer:
Letter B
Explanation:
It is worth noting that, although poverty rates have decreased, there has been no drastic decrease as mentioned in option A and option B fits the answer better. Whereas, the official poverty rate in the USA according to data from the Census Bureau, has decreased in the last half-century, from 22.1% in 1960 to 14.5% in 2013, which means the lowest rate since the 1960s.
