Art Supplies Has a Net Income of $138,600

question 27

Multiple Choice

Art Supplies has a net income of $138,600.The firm has $1.25 million in assets and $500,000 in liabilities.What is the return on equity?

• A) 13.87 percent
• B) 15.09 percent
• C) 16.44 percent
• D) 18.48 percent
• E) 21.21 percent

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Definitions:

Custody

The protective care or guardianship of someone or something, often used to describe the legal guardianship of a child.

Socioeconomic Status

The social standing or class of an individual or group, often measured by education, income, and employment.

Motherhood

The state or experience of having and raising a child or children, encompassing both physiological and emotional aspects.

Domestic Abuse

Any physical, verbal, financial, sexual, or psychological behaviors abusers use to gain and maintain power over their victims.