What percent of North American gross domestic product is accounted for by logistics?
Almost 11 percent
Almost 22 percent
Almost 33 percent
Almost 44 percent
Flingers Inc., reveals the following information in their annual report for FY 2004.
Earnings and Expenses
Sales $10,000,000
Cost of goods sold $5,000,000
Pre-tax earnings $500,000
Selected Balance Sheet Items
Merchandise inventory $80,000
Total assets $2,000,000
What is Flinger return on assets?
16%
20%
25%
40%