Art Supplies Has a Net Income of $138,600

question 68

Multiple Choice

Art Supplies has a net income of $138,600. The firm has $1.25 million in assets and $500,000 in liabilities. What is the return on equity?

• A)13.87%
• B)15.09%
• C)16.44%
• D)18.47%
• E)21.21%

Appreciate the use of economical and purposeful language in business writing.

Recognize the importance of positive language and audience-focused writing.

Understand the role of adaptation in message preparation to suit the audience.

Understand the fundamental differences between financial and managerial accounting, including their different focuses and user groups.

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Definitions:

Observational Data

Facts and figures obtained by watching how people actually behave, using mechanical, personal, or neuromarketing data collection methods.

Primary Data

Original and direct data collected by a researcher firsthand for a specific research purpose or project.

Mechanical Methods

Pertains to procedures and techniques involving machinery or tools in processes such as manufacturing or data processing.

External Secondary Data

Information collected from outside sources that has already been gathered for some purpose other than the current research need.