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:

Oligopoly

A market structure characterized by a small number of firms controlling a large share of the market, leading to limited competition.

Wireless Mobile Phone Market

Refers to the sector of the economy that is involved in the manufacturing, distribution, and sale of mobile phones and services without the use of wires or cables.

U.S. Subscribers

Individuals or entities in the United States that have signed up to receive services or products on a recurring basis.

Oligopoly

A market structure dominated by a small number of large firms, leading to limited competition and often resulting in firms having significant control over prices and market share.