Ally's Allied Apples Has Net Profit After Taxes of $30

question 83

Multiple Choice

Ally's Allied Apples has net profit after taxes of $30, total assets of $989, sales of $979, owner's equity of $990, and interest expense of $56. Which of the following is the return on equity for this business?

• A) 0.030
• B) 0.057
• C) 0.989
• D) 1.87

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Definitions:

Stability and Change

Concepts that describe the dynamic balance between constancy and evolution in systems or individual growth.

Intellectual Change

Refers to the transformations or development in cognitive abilities, including thinking, reasoning, and understanding, over time.

Intelligence Test Scores

Numerical outcomes obtained from standardized assessments designed to measure an individual's cognitive abilities in comparison to a population.

Creative Thinking

The ability to think in novel and unusual ways and to come up with unique solutions to problems.