Wholesale Grocer's Has Total Assets of $580,000 and Total Liabilities

question 30

Multiple Choice

Wholesale Grocer's has total assets of $580,000 and total liabilities of $375,000.Net sales for the year are $523,000 and the profit margin is 10.5 percent.What is the return on equity?

• A) 10.6 percent
• B) 26.8 percent
• C) 31.2 percent
• D) 37.4 percent
• E) 44.6 percent

---

Definitions:

Case Study

An in-depth investigation or analysis of a particular instance, situation, or individual to draw insights and understand broader principles.

Memory Strategies

Techniques or methods utilized to enhance the ability to retain and recall information.

Key Points

The main or most important ideas or elements of a discussion or topic.

Mnemonic Device

A tool that helps remember information, using patterns of letters, ideas, or associations.