Oak Supply Has Earnings Per Share of $1

question 20

Multiple Choice

Oak Supply has earnings per share of $1.22.The firm has $840,000 in equity and 60,000 shares of stock outstanding.What is the return on equity?

• A) 7.92 percent
• B) 8.71 percent
• C) 9.09 percent
• D) 9.47 percent
• E) 10.36 percent

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Definitions:

Ellipsoidal

Shaped like an ellipse, often referring to an ellipsoidal joint in the body that allows movement in two planes.

Saddle

In anatomy, refers to a saddle-shaped joint that allows movement in several planes, such as the thumb joint.

Posterior Thigh

The back part of the thigh, consisting of muscles like the hamstrings that are involved in extending the hip and flexing the knee.

Iliopsoas

A major hip flexor muscle, composed of the iliacus and psoas major muscles, important for walking and running.