Skrit Corporation has a net profit margin of 15% and a total asset turnover of 1.7. What is Skrit's return on total assets?
A) 12.3%
B) 25.5%
C) 8.8%
D) 11.1%
Answer: B
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Which of the following is true of a life tenant?
A) A life tenant has the right to sell the life estate at will. B) A person who gives a life estate to another is called a life tenant. C) A life tenant can possess the life estate to the point of rendering it worthless by permanent damage. D) A life tenant is treated as the owner of the property for the duration of the life estate.
For the FOIA exemption regarding national defense and/or foreign policy to apply:
a. Congress must specifically refer to the document or information in a statute b. the president must issue an executive order c. the document or information must be covered under the Privacy Act also d. the president must review the document or information and authorize an exemption bysigned letter to the agency in possession of the document or information