Wholesale Grocer's Has Total Assets of $580,000 and Total Liabilities

question 88

Multiple Choice

Wholesale Grocer's has total assets of $580,000 and total liabilities of $375,000. Net sales for the year are $547,000 and the profit margin is 14 percent. What is the return on equity?

• A) 10.6 percent
• B) 23.3 percent
• C) 31.2 percent
• D) 37.4 percent
• E) 44.6 percent

---

Definitions:

Kotter's 8 Step Change Model

A process designed by John Kotter to facilitate organizational change, which includes creating urgency, forming a powerful coalition, and embedding new approaches into the culture.

Sense

A faculty by which the body perceives an external stimulus; one of the faculties of sight, smell, hearing, taste, and touch.

Organization

A structured arrangement of people working together to accomplish specific goals.

Geographically

Relating to the physical location or spatial characteristics of an area or place.