You invested $5,000 in the Cog corporation and $5,000 in the Gear corporation.Both of these corporations have $100 million in total assets.The Cog corporation had a net profit of $5 million and the Gear corporation had a net profit of $10 million.You read their annual reports and both companies had established a goal of having a net profit equal to 15% of total assets.
A) Gear is more effective than Cog.
B) Cog is more efficient than Gear.
C) Gear is more efficient than Cog.
D) Cog is more effective than Gear.
E) Cannot tell without more information.
Correct Answer:
Verified
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A)a
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