Please Refer to Table 4-2 for the Following Questions

question 118

Multiple Choice

Please refer to Table 4-2 for the following questions.
Table 4-2
Drummond Company
Balance Sheet

-Based on the information in Table 4-2,the return on equity is

• A) 19.33%.
• B) 18.47%.
• C) 16.66%.
• D) 15.65%.

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Definitions:

Property Interests

involve legal rights over the use, possession, and control of property, including both real and personal property.

State Official

An individual holding an office or position of authority in a government at the state level, responsible for executing the laws and policies of the state.

Vietnam

A country in Southeast Asia known for its rich history, cultural heritage, and economic growth.

Easement By Necessity

A right of access granted to a property owner because it is absolutely necessary for the use or development of their property, often arising when a property is landlocked.