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:

Sandwich Generation Effect

A situation where an individual cares for their aging parents while supporting their own children, often facing emotional, financial, and logistical challenges.

Nineteenth Century

The period of years from 1801 to 1900, characterized by significant social, political, and technological changes that shaped modern society.

Instrumental Support

The provision of tangible help or resources to someone in need, like financial assistance or goods.

Child

A young human being below the age of puberty or below the legal age of majority.