Chilliwack Limited Had the Following Average Balances in Its Shareholders

question 68

Multiple Choice

Chilliwack Limited had the following average balances in its shareholders' equity during 2014: common stock $500,000, preferred stock $200,000, and retained earnings $650,000.During 2014, Chilliwack Limited earned net income of $65,000, paid dividends on common share of $7,000 and dividends on preferred shares of $12,000.What was Chilliwack Limited's ROE for 2014?

• A)3.4%
• B)4.0%
• C)4.6%
• D)5.6%

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Definitions:

Stoma

Tiny openings or pores found on the surface of leaves and stems that allow for gas exchange between the plant and its environment.

Guard Cells

Specialized cells in the epidermis of leaves, stems, and other organs that regulate gas exchange and water loss by controlling the opening and closing of stomata.

Abscisic Acid

A plant hormone that regulates plant growth and development, particularly in response to stress conditions like drought.

Elongation

The process of lengthening or stretching something, commonly referring to the lengthening of molecular chains or the physical body structure.