The Records of Everyday Electronics Corporation for a Particular Period

question 12

Multiple Choice

The records of Everyday Electronics Corporation for a particular period include the following: $$\begin{array} { l r } \text { Average total assets } & \$ 760,000 \\\text { Average total liabilities } & 485,000 \\\text { Total revenue } & 200,500 \\\text { Total expenses (including income tax) } & 135,000\end{array}$$ What is the return on equity ratio?

• A)13.2%.
• B)23.8%.
• C)24.0%.
• D)8.4%.

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Definitions:

Subsistence

The act or reality of sustaining or upholding oneself, particularly at the most basic level.

Domestication

The process by which humans modify the genetic traits of plants and animals to make them more useful and suited for human purposes, often leading to symbiotic relationships.

Irish Potato Famine

A period of mass starvation, disease, and emigration in Ireland between 1845 and 1849, caused by a potato disease that led to crop failure.

Population Drop

A significant decline in the number of individuals within a population, which can be caused by factors such as disease, famine, or conflict.