The Lo-Gro Co

question 44

Multiple Choice

The Lo-Gro Co. in 2014 had equity of $15 million, net income of $1,800,000 of which 60% was paid out as dividends. The ROE and retained earnings for the Lo-Gro Co. are:

• A) 1.2%; $720,000.
• B) 4.8%; $720,000.
• C) 12%; $1,080,000.
• D) 12%; $720,000.

---

Definitions:

Disjunctive

describes a relationship or situation where elements are not connected or do not flow logically from one to another.

Ambivalent

Describes mixed feelings or contradictory attitudes towards a person, situation, or object.

Openness

A personality trait describing someone as curious, imaginative, creative, adventurous, and inventive.

Big Five Personality Traits

Five personality traits that psychologists describe as constituting the major attributes of one’s personality: extraversion, agreeableness, conscientiousness, neuroticism, and openness.