A Firm Has Net Income of $197,400, a Return on Assets

question 22

Multiple Choice

A firm has net income of $197,400, a return on assets of 8.4 percent, and a debt-equity ratio of .72.What is the return on equity?

• A)11.67 percent
• B)18.98 percent
• C)14.45 percent
• D)16.22 percent
• E)15.06 percent

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Definitions:

Resultant Strategic Decisions

Decisions made at a strategic level as a result of analyzing data and insights, influencing the direction of an organization.

Key Aspects

The most important, critical, or essential parts or features of something.

E-commerce

The buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.

Social Commerce

The delivery of electronic commerce activities and transactions through social computing.