Oak Supply Has Earnings Per Share of $1

question 20

Multiple Choice

Oak Supply has earnings per share of $1.22.The firm has $840,000 in equity and 60,000 shares of stock outstanding.What is the return on equity?

• A) 7.92 percent
• B) 8.71 percent
• C) 9.09 percent
• D) 9.47 percent
• E) 10.36 percent

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Definitions:

Reformat

The process of deleting all data on a storage device and restoring it to its factory settings, often used to correct errors or clean up a system.

Hard Drive

A non-volatile storage device that uses magnetic storage to store and retrieve digital information.

Deoxyribose

A five-carbon sugar molecule that is a component of DNA, differing from ribose by the absence of an oxygen atom at the second carbon position.

Ribose

A five-carbon sugar found in RNA that is crucial for various biological processes, including RNA synthesis.