The Following Financial Statement Information Is Available for Howard Corporation

question 72

Multiple Choice

The following financial statement information is available for Howard Corporation: The return on ordinary shareholders' equity for 2014 is

• A) 26.0%.
• B) 38.3%.
• C) 33.3%.
• D) 31.0%.

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Definitions:

Royal Bank

A financial institution that is chartered or authorized to operate under a royal charter.

Reward-To-Risk Ratio

An assessment tool employed by investors to evaluate the potential returns of an investment relative to the level of risk involved in achieving those returns.

Market Efficiency

describes a market in which asset prices fully reflect all available information at any given time, making it impossible to consistently achieve higher returns.

Unexpected Return

The difference between the actual return of an investment and the expected return, usually arising from unexpected factors or events.