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:

New Netherland

A 17th-century colonial province of the Dutch Republic that comprised parts of present-day New York, New Jersey, Delaware, and Connecticut.

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