Last Year Harrington Inc

question 83

Multiple Choice

Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's total-debt-to-total-assets ratio was 45.0%. Based on the DuPont equation, what was the ROE?

• A) 13.82%
• B) 14.51%
• C) 15.23%
• D) 16.00%
• E) 16.80%

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Definitions:

Behaviour

The way an individual or system behaves or responds to external or internal triggers.

Psychologists

Professionals who study cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and to their environments.

Wilhelm Wundt

A German physiologist and psychologist widely regarded as the father of experimental psychology.

Mental Processes

The internal, covert activities of the mind, such as thinking, feeling, and reasoning, that are not directly observable.