What Is the Return on Equity If Sales Are $140,000

question 88

Multiple Choice

What is the return on equity if sales are $140,000, net income is $22,700 and average common Stockholders' Equity is $86,000? (Round your final answer to one decimal place, X.X%.)

• A)16.2%
• B)26.4%
• C)61.4%
• D)Cannot be determined from information given

---

Definitions:

Default Value

A predefined value automatically assigned to a field or variable if no other value is specified by the user or process.

Input Mask

An input mask is a template that dictates the allowed format and type of data entry into a field, like enforcing phone number or date formats in a form.

Format

The arrangement, style, or structure of text, data, or a document.

Decimal Places

The number of digits to the right of the decimal point in a number, indicating the precision of the value.