Assume that the following financial ratios were computed from the 2009 financial statements of Florida Industries:
What was the return on equity for Florida in 2009?
a. 4%
b. 33%
c. 51%
d. 11%
Definitions:
Entrepreneurs
Individuals who undertake the creation, organization, and ownership of a new business venture, facing considerable risk and uncertainty but potentially gaining significant rewards.
Commercial Lending Institutions
Banks and other financial entities that provide loans to businesses for the purpose of facilitating growth and operational expenses.
Legal Responsibilities
Obligations that are defined by law, which individuals or entities are required to fulfill.
Positive Cash Flow
A situation where the net amount of cash and cash-equivalents being transferred into and out of a business is positive, indicating financial health.
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