The Medicine Shoppe Has a Return on Equity of 19

question 29

Multiple Choice

The Medicine Shoppe has a return on equity of 19.2 percent,a profit margin of 11.6 percent,and total equity of $738,000.What is the net income?

• A)$85,608
• B)$113,875
• C)$141,696
• D)$146,542
• E)$149,897

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Definitions:

Confidence Interval

An estimated range of values calculated from a given set of sample data, intended to offer a degree of certainty that a population parameter lies within it.

Simple Random Sample

A smaller group taken from a larger statistical group where each individual has the same chance of selection.

Population

The entire group of individuals or instances about whom the data is to be collected or researched.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, often denoted by alpha.