Tessler Farms Has a Return on Equity of 11

question 28

Multiple Choice

Tessler Farms has a return on equity of 11.28 percent, a debt-equity ratio of 1.03, and a total asset turnover of .87.What is the return on assets?

• A)5.56 percent
• B)8.06 percent
• C)13.67 percent
• D)15.24 percent
• E)17.41 percent

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Definitions:

Hypothesis

An assumption or proposition that is made on the basis of limited evidence as a starting point for further investigation.

Experimentation

The process of trying out new ideas, concepts, or strategies to test hypotheses and gain insights that can lead to innovation or improvement.

Careful

Paying close attention to detail and being cautious to avoid mistakes or accidents.

Experience

The knowledge or skill acquired by a period of practical involvement in or exposure to events.