The Records of Everyday Electronics Corporation for a Particular Period

question 66

Multiple Choice

The records of Everyday Electronics Corporation for a particular period include the following: $\begin{array}{lr}\text { Average total assets } & \$ 760,000 \\\text { Average total liabilities } & 485,000 \\\text { Total revenue } & 200,500 \\\text { Total expenses (including income tax) } & 135,000\end{array}$ The return on equity ratio is closest to:

• A) 13.2%
• B) 23.8%
• C)24.0%
• D)8.4%

---

Definitions:

Language

A system of communication used by a particular country or community.

Mathematics

The abstract science of numbers, quantity, and space, either as abstract concepts (pure mathematics) or as applied to other disciplines such as physics and engineering (applied mathematics).

Comprehension

The mental process of understanding, integrating, and grasping meanings from information or experiences.

SIDS

Sudden Infant Death Syndrome, an unexplained death, usually during sleep, of a seemingly healthy baby less than a year old.