If Turnpoint Inc

question 18

Multiple Choice

If Turnpoint Inc. has net income of $400,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000, what is their ROE?

• A)Between 13-14%
• B)Between 10-11%
• C)Between 14-15%
• D)None of the options

---

Definitions:

Exports Over Imports

A situation where a country’s value of exports exceeds its value of imports, indicating a trade surplus.

Current Account Surplus

A situation where a country's total exports of goods, services, and transfers exceed its total imports.

Financial Accounts Deficit

A situation where a country's payments to other countries exceed its earnings from them, specifically in the realm of investment flows and financial transactions.

Capital Account

A national account that shows the net change in asset ownership for a nation, including assets in foreign investments and movements of capital.