The Balance Sheet at the End of the Current Year

question 38

Multiple Choice

The balance sheet at the end of the current year of operations indicates the following: If net income is $115,000 for 2012, what is the return on equity for 2012 (round percent to one decimal point) ?

• A) 10.6%
• B) 11.7%
• C) 12.4%
• D) 15.6%

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Definitions:

Evolutionary Cycles

Periods of evolutionary change characterized by sequences of rapid diversification followed by longer periods of stability or gradual change in species.

Asexual Populations

Groups of organisms that reproduce without the involvement of sexual gametes, resulting in offspring genetically identical to the parent.

Deleterious Mutations

Changes in the DNA that are harmful to an organism, often leading to reduced fitness or survival.

Sexual Yeast Populations

Yeast communities that engage in sexual reproduction, involving the fusion of haploid cells to form a diploid cell.