Sheffield Company Had $42 000 of Net Profit in 2013

question 23

Multiple Choice

Sheffield Company had $42 000 of net profit in 2013. Equity at the beginning of the year was $1 200 000 and at the end of the year was $1 600 000. Sheffield has no preference shares. Please calculate the rate of return on ordinary shareholders' equity. (Please round to three decimal places.)

• A)0.026
• B)0.032
• C)0.035
• D)0.030

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Definitions:

WISC-IV

The Wechsler Intelligence Scale for Children, Fourth Edition, a tool designed to assess the intelligence of children ages 6-16.

Full Scale IQ

A comprehensive measure of an individual's overall cognitive ability, as derived from various standardized intelligence tests.

Composite Scores

Aggregated scores obtained from combining several different test scores to provide a comprehensive assessment result.

Halsted-Reitan Battery

A neuropsychological test battery used to evaluate brain and nervous system functioning by assessing motor skills, sensory skills, reflexes, and cognitive abilities.