Use the Following Information for ECE Incorporated

question 48

Multiple Choice

Use the following information for ECE incorporated:

-If ECE's return on assets (ROA) is 12%,then ECE's net income is:

• A)$6 million.
• B)$12 million.
• C)$22 million.
• D)$36 million.

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Definitions:

TRICARE

A healthcare program of the United States Department of Defense Military Health System providing health benefits to military personnel, retirees, and their dependents.

Active Service Personnel

Members of the military who are currently serving on active duty and engaged in their duties.

Relative Value Units

A measure used in the United States to value the services provided by physicians and other healthcare providers, using three components: the physician's work, practice expenses, and malpractice insurance costs.

Resource-based Relative Value Scale (RBRVS)

A system used to determine how much money medical providers should be paid, based on the resource costs needed to perform various medical services.