The Records of Marshall Company Include the Following The Return on Equity Is (Round to the Nearest Tenth

question 44

Multiple Choice

The records of Marshall Company include the following: $$\begin{array} { l r } \text { Average total assets } & \$ 3,500,000 \\\text { Average total liabilities } & 1,220,000 \\\text { Total revenue } & 4,580,000 \\\text { Total expense (including income tax) } & 4,100,000 \\\text { Interest expense (included in total expenses) } & 90,000 \\\text { Income tax rate } 40 \% &\end{array}$$ The return on equity is (round to the nearest tenth of a percent)

• A)21.1%.
• B)10.2%.
• C)16.4%.
• D)17.1%.

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Definitions:

Glaciers

Large masses of ice on land that move slowly over time, formed by the accumulation and compaction of snow, significantly influencing landscapes through erosion and deposition.

Glaciers

Large, slow-moving masses of ice formed from compacted layers of snow, which move under their weight and shape the land beneath.

Cirque

A bowl-shaped, steep-walled mountain basin carved by glaciation, often containing a small lake.

Continental Ice Sheet

A large mass of ice covering extensive parts of continents and flowing outward from central, thicker areas, altering landscapes through erosion and deposition.