Mike's Place Has Total Assets of $152,080, a Debt-Equity Ratio

question 4

Multiple Choice

Mike's Place has total assets of $152,080, a debt-equity ratio of .62, and net income of $14,342 What is the return on equity?

• A)13.48 percent
• B)13.73 percent
• C)15.74 percent
• D)15.28 percent
• E)14.61 percent

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Definitions:

Factor of Production

Inputs used in the production of goods or services in the process of wealth creation, including labor, capital, land, and entrepreneurship.

Human Capital Development

Refers to the process of improving an individual's skills, knowledge, and abilities, typically through education and training, to enhance their productivity and potential in the workforce.

Adult Education

Educational programs specifically designed for adults beyond traditional schooling age, focusing on skills enhancement, personal enrichment, or vocational training.

Efficient Worker

An employee who achieves maximum productivity with minimum wasted effort or expense.