Please Refer to Table 4-3 for the Following Questions

question 106

Multiple Choice

Please refer to Table 4-3 for the following questions.
Table 4-3
Emery Corporation
Balance Sheet Income Statement

-Based on the information in Table 4-3,assuming that the firm has no preferred stock,and paid $300,000 in common dividends,the firm's return on equity was

• A) 79.43%.
• B) 61.89%.
• C) 43.34%.
• D) 33.53%.

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Definitions:

Machine-Hours

Machine-hours are a measure of the time a machine is operated within a given period, used for allocating machine-related costs to products based on usage.

Manufacturing Overhead

All production costs other than direct materials and direct labor, including costs related to running the factory.

Direct Labor Cost

The compensation given to employees directly engaged in manufacturing products or delivering services.

Manufacturing Overhead Cost

Indirect costs related to manufacturing that are not directly tied to a specific product, including utilities and maintenance of equipment.