Gemini Corp.reported the Following Balance Sheet

question 34

Multiple Choice

Gemini Corp.reported the following balance sheet:
Gemini has sales of $600,000 and net income of $50,000.Gemini's return on equity is

• A) 5.00%.
• B) 50.00%.
• C) 38.17%.
• D) 41.13%.

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Definitions:

Interdependent Self-construal

A perspective in which individuals see themselves as interconnected with others and define their identity in the context of social relationships.

Mandatory Retirement

A policy or practice that requires employees to retire at a certain age regardless of their personal or professional circumstances.

Cultural System

A coherent set of beliefs, practices, symbols, and values shared by a group of people, which helps them interpret their world and interact within it.

Social Identity

An individual's sense of who they are based on their group membership(s), which can influence their thoughts, feelings, and behaviors towards both in-group and out-group members.