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:

Discount

A reduction in the price of a product or service, often to attract customers or to sell off excess stock.

Liter

A metric unit of volume equal to one cubic decimeter, used to measure the capacity of liquids and gases.

Average Selling Price

The mean amount of money for which a product is sold in a specific period or marketplace.

Increase

An upward adjustment or growth in size, number, value, or strength.