Computer Geeks Has Sales of $618,900, a Profit Margin of 13.2

question 115

Multiple Choice

Computer Geeks has sales of $618,900, a profit margin of 13.2 percent, a total asset turnover rate of 1.54, and an equity multiplier of 1.06.What is the return on equity?

• A)18.91 percent
• B)12.67 percent
• C)18.28 percent
• D)22.11 percent
• E)21.55 percent

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Definitions:

Iconic Memory

A form of sensory memory that temporarily holds visual information and impressions of visual stimuli for a very short period of time after an object is observed.

Anterograde Amnesia

A condition where a person is unable to form new memories following the onset of the amnesia, though long-term memories from before the event remain intact.

Retrograde Amnesia

A loss of memory for events or information learned before an injury or the onset of a disease.

Electroconvulsive Therapy

An approach to treating psychological disorders by triggering seizures with electrical impulses to aid in symptom relief.