Use the Following Information for ECE Incorporated

question 56

Multiple Choice

Use the following information for ECE incorporated:
Assets $200 million
Shareholder Equity $100 million
Sales $300 million
Net Income $15 million
Interest Expense $2 million
-IECE's Return on Assets (ROA) is:

• A)5.0%
• B)8.5%
• C)7.5%
• D)15.0%

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Definitions:

Endangered Species List

A register maintained by various organizations that catalogues animal and plant species considered to be at risk of extinction.

In Situ Conservation

Conservation methods that protect the genetic material of endangered species in their natural habitat, without moving them to new locations.

Deforestation

The temporary or permanent removal of forest for agriculture or other uses.

Boreal Forests

Boreal forests, also known as taiga, are dense forests located in high northern latitudes, characterized by cold climates and coniferous trees.