A Firm with Sales of $1,000,000, Net Income After Taxes

question 24

Multiple Choice

A firm with sales of $1,000,000, net income after taxes of $30,000, total assets of $1,500,000, and total liabilities of $750,000 has a return on equity of

• A) 4 percent.
• B) 15 percent.
• C) 20 percent.
• D) 3 percent.

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Definitions:

Chronic Obstructive Pulmonary Disease

A group of progressive lung diseases, including emphysema and chronic bronchitis, that restrict airflow and cause breathing difficulties.

Dyspnea

Difficult or laboured breathing.

Osteoporosis

Demineralization of the bone.

Weight-bearing Activities

Physical exercises where the body moves against gravity, strengthening bones and muscles, such as walking or lifting weights.