A Company's Statements Provided the Following Data: Sales Revenue Equals

question 19

Multiple Choice

A company's statements provided the following data: sales revenue equals $4,482,000, gross margin equals $2,689,000, EBIT equals $538,000, net income equals $204,000, current liabilities equal $700,000, long-term liabilities equal $2,800,000, common shares equal $3 million, preferred shares equal $1 million, retained earnings equal $275,000. The return on capital employed (ROCE) for the company is

• A) 2.6%
• B) 3%
• C) 6.9%
• D) 7.6%
• E) 8.9%

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Definitions:

Disengagement Theory

A theory suggesting that aging involves a natural and inevitable mutual withdrawal or disengagement, resulting in decreased interaction between an aging person and others in the social system he belongs to.

Race Crossover

A phenomenon where the relative mortality rates of race or ethnic groups change positions over time or age.

Activity Theory

A psychological and sociological theory that suggests older adults are happier and more satisfied if they remain engaged in activities and maintain social interactions.

Gender Stratification

Is the unequal distribution of wealth, power, and privilege across genders within a society.