Use the Following Information for ECE Incorporated

question 36

Multiple Choice

Use the following information for ECE incorporated:

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

• A)10%.
• B)12%.
• C)18%.
• D)22%.

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Definitions:

Sewage Sludge

A semi-solid byproduct from the treatment processes of municipal wastewater, containing both nutrients and contaminants and is often repurposed as fertilizer.

Industrial Waste

The by-products and waste materials produced by industrial activities, which can be hazardous to the environment and human health if not properly managed.

Seabirds

Birds that are adapted to life mainly within the marine environment, including gulls, albatrosses, and penguins, often with webbed feet or wings adapted for swimming.

Buoyancy and Insulation

Refers to the ability of an object to float in fluid due to its density being less than the fluid's, and the capacity to reduce heat transfer, respectively.