Which of the Following Statements Is Incorrect

question 46

Multiple Choice

Which of the following statements is incorrect?

• A) The median income of black and Hispanic households is higher than that of white households.
• B) National data reveal a marked disparity of hardship among racial and ethnic groups.
• C) Non-Hispanic black and Mexican-American children are more likely than non-Hispanic white children to be poor, food insufficient, and in poor health.
• D) All of these statements are correct.

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Definitions:

ROE

Return on equity, a measure of financial performance calculated by dividing net income by shareholders' equity, indicating how efficiently a company is using assets to generate profits.

Liquidation Value

The estimated total value of a company's physical assets if it were to go out of business and the assets sold off.

Replacement Cost

The amount of money required to replace an asset at the current market value.

Tobin's Q

A ratio comparing the market value of a company's assets to their replacement cost, used to evaluate whether a company is over or undervalued.