Examlex
The return on equity for a company that has sales of $50,000, net income of $25,000 and average Stockholders' Equity of $125,000 is 20%.
Bankruptcy Filings
The formal process by which a company or individual legally declares their inability to pay their debts.
Chapter 7
A chapter of the U.S. Bankruptcy Code that provides for the liquidation of a debtor's assets to repay creditors.
Joint Ventures
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
Sole Proprietorships
A type of business entity owned and operated by one individual, without any legal distinction between the owner and the business.
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