Refer to Table 4-2. The Operating Return on Assets ratio for 2008 was approximately

A) 0.18. B) 0.15. C) 0.23. D) 0.13.

B

Business

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When a depreciable asset is leased under an operating lease, the lessor:

A. records depreciation in the normal manner. B. defers depreciation until the lease expires. C. must use activity-based depreciation. D. never recognizes depreciation.

Business

A set of formalized rules and standards that describe what a company expects of its employees is called a(n)

A. code of ethics. B. opportunity. C. moral philosophy. D. guideline. E. law.

Business