Please Refer to Table 4-5 for the Following Questions

question 108

Multiple Choice

Please refer to Table 4-5 for the following questions.
Table 4-5
Yen Inc.
Balance Sheet

Yen Inc.
Income Statement
For the year ended December 31, 2010

-Based on the information contained in Tables 4-5,what was Yen's return on common equity for 2010?

• A) 50.0%
• B) 85.0%
• C) 121.4%
• D) 24.3%

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Definitions:

Process Costing

A costing method used in industries where production is continuous and homogeneous, assigning costs to masses of similar units.

Direct Labor

The wages and salaries paid to workers directly involved in the production of goods or provision of services.

Individual Units

Individual Units refers to discrete or separate items, especially in contexts where products, housing, or inventory are considered on a per-unit basis.

Process Costing Systems

A costing method used in manufacturing where costs are assigned to processes or departments for mass-produced goods.